A firm has set a budget constraint of $220,000 on new investments, which cannot be exceeded. Given the following independent investments, which projects should the firm undertake? Project Alpha Delta Gamma Sigma CEO $80,000 $120,000 $140,000 $85,000 PI 1.20 1.13 1.10 1.15 O Projects Alpha and Delta O Projects Alpha and Gamma O Projects Alpha and Sigma Projects Venus and Jupiter Which project(s) should a firm choose when the projects are independent? When they are mutually exclusive? Suppose both are within the capital budget and k is 15 percent for both projects. Project A: CFO = $2450; CF1 = $990; CF2 = $3990; CF3 = $1490 Project B: CFO = $2450; CF1 = $990; CF2 = $990; CF3 = $4390 O Project B; project B O Both projects; project B O Neither project; neither project Both projects; project A