Investment Choice. Perry Enterprises is considering a number of investment possibilities. Specifically, each investment under consideration will draw on the capital account during each of its first three years, but in the long run, each is predicted to achieve a positive net present value (NPV). Listed here are the investment alternatives, their net present values, and their capital requirements, and all figures are in thousands of dollars. In addition, the amount of capital available to the investments in each of the next three years is predicted to be $9.5 million, $7.5 million, and $8.8 million, respectively Project One-Phase Two-Phase Test Advertising Basic Expansion Expansion Market Campaign Research Equipment Purchase 6,800 NPV 4,200 Year 1 3,000 Capital Year 2 1,000 Capital Year 3 4,000 Capital 9,600 4,400 8,700 3,500 2,500 3,500 3,500 6,000 2,000 4,000 1,500 5,000 1,800 5,000 1,000 1,000 4,000 500 900