PI vs. NPV - Capital budgeting decisions under capital rationing 5. Aptec, Inc., is considering selecting from the following six potential projects to fully utilize its capital budget of $5 million. Projects are independent. Which projects should be accepted? Project NPV PI Initial Investment Dow> A B 500,000 500,000 2,000,000 3,000,000 1,000,000 500,000 100,000 70,000 300,000 480,000 170,000 125,000 1.20 1.14 1.15 1.16 1.17 1.25 F