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10-18. The product development managers at World Series Innovations are about to recommend their final capital budget for next year. They have a self-imposed budget limit of $100,000. Five independent projects are being considered. Vernon Simpson, the chief scientist and CEO, has minimal financial analysis experience and relies on his managers to recommend the projects that will increase the value of the firm by the greatest amount. Given the following summary of the five projects, which ones should the managers recommend? Net Present Value $4,000 $3,600 $3,250 $2,500 $2,100 Initial Cash Outlay Projects Chalk Line Machine Gel Padded Glove Insect Repellent Titanium Bat Recycled Base Covers ($10,000) ($25,000) ($35,000) ($40,000) ($20,000)