JKL Pharmaceuticals has $1,000,000 for investment in new projects. They are evaluating 6 projects, each requiring a different investment amount and having distinct NPVs and IRRs. Given the opportunity cost of capital is 9%, which projects should be selected to maximize NPV while staying within the budget? Compute the overall NPV of the selected projects.

Project	Investment ($thousands)	NPV ($thousands)	IRR (%)
1	300	55	13.5
2	150	25	11.0
3	400	70	15.0
4	200	30	12.0
5	250	40	13.0
6	100	15	10.0