1. A company is considering five investment opportunities. The companys cost of capital is 12%. Data on these opportunities under consideration are given below:

PhP (000s)

Project	Investment	PV@ 12%	NPV	IRR (%)	PI
1	35,000	39,325	4,325	16	1.12
2	20,000	22,930	2,930	15	1.15
3	25,000	27,453	2,453	14	1.10
4	10,000	10,854	854	18	1.09
5	9,000	8,749	(251)	11	0.97

1. Based on the given data, rank the five projects in descending order of preference (1 being the most preferred) for each capital budgeting method (NPV, IRR, PI).
2. Which project/s would you undertake if the company has PhP55 Million to spend? Justify.