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The following four projects are available to Devon Ltd, a bus manufacturer, to invest in: A capital constraint of 12m has been imposed on the

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The following four projects are available to Devon Ltd, a bus manufacturer, to invest in: A capital constraint of 12m has been imposed on the total investment. Page 3 of 12 What is the total NPV (within which of the following ranges) if projects are divisible but cannot be repeated? a) Up to 30m b) 30.01m35m c) 35.01m40m d) Above 40m

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