Problem 2 Magwood, the project manager for Medtronics Incorporation in Boston Massachusetts has 4 independent projects he can fund this year to improve medical device Ergonomics for the disable and senior citizens. The project initial investment and net annual revenue are given below. The MARR for this project is 12 % per year. Projects Initial Investment,$ Project life Net Annual Revenue, $ J -400,000 5 120,000 K -250,000 3 105,000 L -200,000 2 88,800 M -150,000 3 67,000 a) Determine the total number of bundles and list them b) Calculate the present worth of each project c) What projects are acceptable if the budget limit is (i) no limit, (ii) $600,000 d) What projects are acceptable if J & K cannot both be chosen for a budget limit of $500,000