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Borg Robotics Inc. is considering the following projects. Project Investment (in millions) NPV (in millions) Profitability Index (PI) A $14 $5.6 1.4 B $17 $3.4

Borg Robotics Inc. is considering the following projects.

Project

Investment (in millions)

NPV (in millions)

Profitability Index (PI)

A

$14

$5.6

1.4

B

$17

$3.4

1.2

C

$19

$9.5

1.5

D

$16

$12.8

1.8

Suppose that Borg only has $61 million to invest in new projects. Which projects should it select to maximize the company's value?

  • A, C, and D

    A, C, and D

  • A, B, and D

    A, B, and D

  • B, C, and D

    B, C, and D

  • A, B, and C

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