1. Anna Maria Ballet Studios Inc, has identified capital rationing constraints for its capital budgeting investment program. The firm has adequate funding to purchase all of the projects listed in the table below, and requires a discount rate of 17 percent. The firm is currently considering Projects A, B, C, D, E, F, and G and indicates that Projects B and G are mutually exclusive.

Project	NPV	IRR
A	$ 10,000	.22
B	16,000	.17
C	24,000	.20
D	(26,000)	.14
E	(8,000)	.13
F	(4,000)	.11
G	17,000	.16

If Anna Maria used the NPVs to rank the projects, the firm would choose _____, in that order.

G, B, A

Cannot determine the solution from the information provided

C, G, B, A

None of the answers provided are correct

C, G, A