1. A firm has the following investment opportunities: Investment NPV IRR Project A $150,000 $30,000 14% Project B $125,000 $20,000 11% Project C $100,000 $25,000 13% If the cost of capital is 10% and the capital budget is limited to $280,000, which project(s) should the firm undertake?

a. project A and project B

b. project A and project C

c. project B and project C

d. project A