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Belfort Inc. is a production company with four investment opportunities available to its manager, Brad for the 2022 year. Below outlines these opportunities: Project Omega Alpha Epsilon Theta Investment Annual Earnings $ 900,000 $ 200,000 $ 1,500,000 $ 187,500 $ 3,100,000 $ 350,000 $ 600,000 $ 150,000 REQUIRED A) Brad is currently evaluated based on his Return on Investment (ROI). i) If the required rate of return is 14%, which projects would be accepted? ii) If they can only choose one project, which would they choose? B) Belfort Inc. has decided to change its investment stategy to focus on Residual Income analysis. Which project should Brad choose under these new requirements if the company requires a minimum required return of 10%? C) Donny, a manager in another investment centre, has presented Brad with a new 5 year project opportunity to replace one of the factory machines. The details of this investment are below: $ Cost of new machine Useful life of the new machine Salvage value of the old machine Salvage value of new machine 140,000 5 years 12,000 18,000 $ $ Additional information: The new machine has an automation feature that will eliminate the need of one factory worker, saving $35,000 per year in salary. Annual repairs would be required for the machine at a cost of $7,000 per year. The old machine did not require any maintenance costs. Belfort Inc. has a cost of capital for new projects of 12%. Calculate the Net Present Value of this project. Should this new project be pursued

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