Assume that you have been told by headquarters that you are not allowed to spend more than $20 million dollars to invest.You have the following available projects.Which projects would you take? (15 points)

Project Investment NPV

1 $3,000,000.00 $250,000.00

2 $1,000,000.00 $290,000.00

3 $7,000,000.00 $3,750,000.00

4 $13,500,000.00 $575,000.00

5 $6,500,000.00 $725,000.00

6 $5,000,000.00 $550,000.00

7 $1,000,000.00 $89,000.00

8 $4,000,000.00 $500,000.00

9 $3,000,000.00 $123,000.00

10 $1,500,000.00 $230,000.00