Five projects were ranked in decreasing order by two measures-rate of return (ROR) and present worth (PW)-to

Question:

Five projects were ranked in decreasing order by two measures-rate of return (ROR) and present worth (PW)-to determine which ones should be funded, with the total initial investment not to exceed $18 million. Use the results below to determine the for eachmeasure.

Opportunity Cost
Opportunity cost is the profit lost when one alternative is selected over another. The Opportunity Cost refers to the expected returns from the second best alternative use of resources that are foregone due to the scarcity of resources such as land,...