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q43 Your company is evaluating 4 independent projects and is subject to capital rationing, detailed below if you must select projects subject to a budget

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Your company is evaluating 4 independent projects and is subject to capital rationing, detailed below if you must select projects subject to a budget constraint of 3 million dollars, which set of projects should be accepted so as to maximize firm value? Initial Outlay NPV 2.500.000 21% 600,000 2.000.000 Projects 1 only Project 4 only Projects 1 and 2 Projects 2 and 3

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