A company with limited investment funds and a cost of capital of 20 percent must choose from
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A company with limited investment funds and a cost of capital of 20 percent must choose from among three competing capital investment projects with the following cash flow patterns (in thousands):
The company has $600,000 available for investment.
How can the company optimally invest its $600,000 among the three projects, assuming no other constraints on investment and partial investments in projects can be made?
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