Tuas is also considering the following five projects, and has $9M available to i

Tuas is also considering the following five projects, and has $9M available to inves
Project A Initial Investment: $4,600,000
Project A NPV ＝ 930,000
Project A IRR ＝ 22%
Project B Initial Investment: $1,800,000
Project B NPV ＝ 720,000
Project B IRR ＝ 18%
Project C Initial Investment: $3, 300, 000
Project C NPV ＝ 610,000
Project C IRR ＝ 20%
Project D Initial Investment: $4, 100, 000
Project D NPV ＝ 1, 380,000
Project D IRR ＝ 16%
Project E Initial Investment: $2, 700, 000
Project E NPV ＝ 640,000
Project E IRR ＝ 8%
Examine which projects Tuas should invest in and explain why. Workings should be shown where appropriate. Your answer should not exceed 150 words