The Hotel Conneaut is considering 3 the followingcapital budgeting projects

The Hotel Conneaut has internal funind for project onewith $10,000.However, the 2

other projects woul required new capital financing.

A new computer and software system for$10,000with a 5 year life and an

estimated return of 16%

The construction of a new deck and seating area for $8,000 also with a 5 year life and

an estimated return of 12%

Lastly the purchase of a more effieicent self contained fryer system for $5,000 with a

life of 4 years and an estimated return of 10%

Which projects should they undertake?