Anna Maria Ballet Studio's Inc has identified capital rationing constraints for its capital budgeting investment program. The firm has adeguate 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, , 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 (8000) .13

F (4000) .11

G 17,000 .16

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

C, G, B, A

None of the answers provided are correct

Cannot determine the solution from the information provided

G, B, A

C,G,A