A firm must choose from six capital budgeting proposals outlined below. The firm is subject to capital rationing and has a tapital budget of $1,000,000; the firm's cost of capital is 15 percent.A firm must choose from six capital budgeting proposals outlined below. The firm is subject to capital rationing and has a capital budget of $1,000,000; the firm's cost of capital is 15 percent.

Project Initial Investment IRR NPV 1 19% . 17 3 on N $300,000 400,000 250,000 200,000 150,000 16 $100,000 20,000 60,000 -5,000 50,000 12 15