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Consider a firm with a budget constraint of $1 million. What are the best set of projects to take? Project Initial Outlay NPV A $

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Consider a firm with a budget constraint of $1 million. What are the best set of projects to take? Project Initial Outlay NPV A $ 300,000 $ 60,000 B 800,000 560,000 IC 300,000 90,000 D 200,000 280,000 200,000 260,000 m Projects: A +C+D+E Projects: B+C Projects: A+B Projects: B+D

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