Company A has $750,000 for capital investments. The table below lists five potential projects. The company must select projects within the budget that maximize NPV. What is the maximum total NPV, and which projects should be selected?

Project	Investment ($000)	NPV ($000)	IRR (%)
1	200	45	15.0
2	150	30	12.5
3	300	50	13.0
4	100	20	10.0
5	250	40	14.5

Requirements:

1. Select projects within the $750,000 budget.
2. Maximize total NPV.
3. Calculate the IRR of the selected portfolio.
4. Compare the portfolio IRR with the company's required return of 11%.