Michelle Martelle, CEO of Michelle Enterprises, has five projects in hand and is considering which, if any, to undertake. Their expected returns are: project A = 12 percent, project B = 7 percent, project C = 10 percent, project D = 9 percent, and project E = 8 percent. If the interest rate is 8.5 percent, which, if any, investment projects will she accept? A. Only project A.
B. Projects A and C.
C. Projects A, C and D.
D. Projects A, C, D and E.
E. Projects A, B, C, D and E.
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