STU Limited has $900,000 for capital investments and considers five projects. The cost of capital is 10%.

Project	Capital Required ($thousands)	NPV ($thousands)	IRR (%)
A	250	30	11.0
B	300	35	12.5
C	150	20	10.8
D	200	25	11.5
E	100	10	9.0

Requirements:

1. Select the projects that can be undertaken without exceeding the $900,000 budget.
2. Compute the total NPV for the selected projects.

Determine how much the budget constraint affects the company's market value.