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A project manager identified the following independent projects for which he already calculated the NPVs. His superiors imposed a budget restriction of $90,000 on him.

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A project manager identified the following independent projects for which he already calculated the NPVs. His superiors imposed a budget restriction of $90,000 on him. So he has to choose projects to maximize total NPV without exceeding the budget constraint. Which of these projects should he accept? Project | NPV $ Initial Investment Required $ 50,000 10,000 5,000 M 30,000 8,500 40,000 60,000 12,000

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