Lateral plc has a limit of £10 million of investment finance available to it this year, and it has the following investment opportunities available to it:

Assuming that the capital shortage relates only to the current year and that each project can be undertaken in part, with the NPV scaled down in direct proportion to the proportion undertaken, which projects should Lateral plc undertake?

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Project Investment required this year (m) U 8.0 Net present value (m) 3.3 V 3.2 0.9 W 5.3 1.2 X 2.0 0.5 Y 4.5 2.0 Z 0.5 0.4