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Finally, recall that the venture capital firm only provided $15 million in funding. That $15 million is the funding that will cover the initial investments

  1. Finally, recall that the venture capital firm only provided $15 million in funding. That $15 million is the funding that will cover the initial investments required on projects. Assuming all projects that are acceptable using the "gold standard", NPV, which of those projects should be accepted, while staying within the $15 mm budget. Identify the projects that should be accepted, the total outflow at time 0 (must be within your budget) and the total NPV. (2 pts) Hint: look at Practice Problem 14.

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