5 Doo 5 points Given the information below, a CEO needs to make the capital budgeting decision. Which project(s) is (are) most likely to be accepted, if the company's investment budget is $5 million? I. II. III. A project with initial investment of $2 million, NPV of $430,000, payback of 5 years, and IRR of 10%. A project with initial investment of $1 million, NPV of $200,000, payback of 3 years, and IRR of 7%. A project with initial investment of $2.5 million, NPV of $450,000, payback of 3 years, and IRR of 11%. 0 If the projects are not mutually exclusive, accept all. 0 If the projects are mutually exclusive, accept I. 0 If the projects are mutually exclusive, accept III. 0 If the projects are not mutually exclusive, accept II and III. Previous Next