Homework: Homework Set 4 Save Score: 0 of 2 pts 20 or 25 (2 complete) v 20 of 25 (2 complete) HW Score: 7.33%, 3.67 of 50 pts Question Help P11-34 (similar to) Capital rationingNPV approach A firm with a 12.4% cost of capital must select the optimal group of projects from those shown in the following table, given its capital budget of $1.00 million Project Initial investment $400,000 200,000 100.000 700.000 500.000 300,000 600.000 NPV at 12.4% cost of capital $86,000 12,000 16.000 87,000 62,000 53,000 167,000 mo a. Calculate the present value of cash inflows associated with each project b. Select the optimal group of projects keeping in mind that unused funds are costiv. a. Calculate the present value of cash inflows associated with each project The present value of cash inflows for project Ais $ (Round to the nearest dollar.) Enter your answer in the answer box and then click Check Answer. 7 parts I remaining Clear All Check