A financier has a staff of three people whose job it is to examine possible business ventures for him. Peri- odically they present their findings concerning busi- ness opportunities. On a particular occasion, they presented the following investment opportunities: Project A: This is a project for the use of com- mercial land the financier already owns. There are three mutually exclusive alternatives. * Al. Sell the land for $500,000. * A2. Lease the property for a car-washing business. An annual income, after all costs 04 CHAPTER 15: SELECTION OF A MINIMUM AT Peppp * If there is $9 million available for invest- ment now (or $9.5 million if the Project A land is sold), which projects should be selected? A financier has a staff of three people whose job it is to examine possible business ventures for him. Peri- odically they present their findings concerning busi- ness opportunities. On a particular occasion, they presented the following investment opportunities: Project A: This is a project for the use of com- mercial land the financier already owns. There are three mutually exclusive alternatives. * Al. Sell the land for $500,000. * A2. Lease the property for a car-washing business. An annual income, after all costs 04 CHAPTER 15: SELECTION OF A MINIMUM AT Peppp * If there is $9 million available for invest- ment now (or $9.5 million if the Project A land is sold), which projects should be selected