Calculate the return on investment (ROI) for the following five projects, total cost includes the initial investment. Which projects should be invested in if the organization has a spending constraint of $7,000,000 and its cost of capital is 6%?

                   Total       Total  

Project       Investment      Revenue      Cost       Profit      ROI

A       $3,000,000   $5,500,000   $5,000,000   _____   _____

B       $2,400,000   $4,000,000   $3,800,000   _____   _____

C        $1,350,000   $2,400,000   $2,300,000   _____   _____

D       $1,500,000   $3,200,000   $3,000,000   _____   _____

E       $2,000,000   $3,800,000   $3,700,000   _____   _____