15. ABC Ltd. Is considering a number of capital investment projects for which `2,00,000 have been allocated. The following projects are under consideration.

Project Investment (`) NPV (`)

A 2,40,000 50,000 B 2,00,000 40,000 C 1,60,000 40,000 D 1,20,000 40,000 E 80,000 30,000 F 20,000 10,000 Project A and B are mutually exclusive. If project A is undertaken, the initial cost of C is reduced by `20,000 (without affecting its benefits), If project B is undertaken the initial cost of D is reduced by `20,000 (without affecting its benefits). The benefit-cost ratio of unutilized funds is 0.90.

What projects should be chosen?