2. Use the concepts of ma

2. Use the concepts of ma

2. Use the concepts of marginal cost and marginal revenue to derive an optimal capital budget for Company X, which has identified 7 possible investment projects and determined its cost of capital as shown below.Table A: Alternative Projects, Required Investments, and Expected Rate of ReturnProject Investment Required in Millions of Dollars Expected Rate of Return on InvestmentA 150 12%B 300 15%C 125 10%D 75 16%E 50 20%F 500 14%G 250 18%Table B: Cost of Capital by Amount RaisedBlock of Funds(in Millions) Amount of Fundsin Block Cost of Capital for BlockFirst Block of Funds $500 10%Second Block of Funds $400 11%Third Block of Funds $300 12%Fourth Block of Funds $200 13%Fifth Block of Funds $100 14%Sixth Block of Funds $100 15%

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