Question 12 (3.45 points) Marvell Technology Group Ltd. is in the process of determining its optimal capital budget for next year. The following investment projects are under consideration: Required Expected Rate Project Investment of Return A $8 million 18.0% B 5 million 16.5% 3 million 16.0% D 6 million 15.5% E 3 million 14.5% F 3 million 13.0% G 5 million 12.5% The firm's marginal cost of capital schedule is as follows: Amount of Funds Raised $0 - $12 million $12 million - $20 million $20 million - $28 million Over $28 million Cost 13.5% 14.5% 15.5% 16.5% Determine Marvell's optimal capital budget (in dollars) for the coming year. 13 million 25 million 16 million 22 million