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Consider the following list of projects: Note: NPV stands for Net Present Value, and Pl stands for Profitability Index. Pl is calculated as the ratio

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Consider the following list of projects: Note: NPV stands for Net Present Value, and Pl stands for Profitability Index. Pl is calculated as the ratio of NPV/Investment. Project Investment NPV PI A 405,000 18,000 0.0444 B 600,000 90,000 0.1500 C 375,000 60,000 0.1600 D 450,000 6,000 0.0133 E 525,000 30,000 0.0571 F 225,000 30,000 0.1333 G 240,000 27,000 0.1125 H 600,000 60,000 0.1000 1 150,000 12,000 0.0800 J 270,000 30,000 0.1111 You are given a budget of $1,800,000 to invest in projects. Which projects will you select, in what order will you select them, and why? Explain in less than 50 words

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