IRR A B 25 24 Galaxy Satellite Co. is attempting to select PV of Inflows the best group of independent projects Project Initial Investment at 20% competing for the firm's fixed capital $3,000,000 219 $3,050,000 budget of $10,000,000. Any unused 9,000,000 9,320,000 portion of this budget will earn less than 1,000,000 1,060,000 its 20 percent cost of capital. A summary 7,000,000 23 7,350,000 of key data about the proposed projects follows. Table 10.5 20) Use the NPV approach to select the best group of two projects. What is the combined NPV of this group? (See Table 10.5) Answer! 21) Use the IRR approach to select the best group of two projects. What is the combined NPV of this group? (See Table 10.5) Answer 22) Which projects should the firm implement? (See Table 10.5)