The investment committee of a company has identified the following seven projects with positive NPVs. If the board of directors has approved a $3 million capital budget for the current period, which project should not be selected?

QUESTION 3 6 points Save Answer The investment committee of a company has identified the following seven projects with positive NPVs. If the board of directors has approved a $3 million capital budget for the current period, which project should not be selected? Project 2 3 4 Initial investment ($) 1,000,000 1,800,000 750,000 600,000 450,000 150,000 250,000 NPV ($) 600,000 324,000 285,000 270,000 113,000 21,000 20,000 6 7 O Project 4 O Project 1 O Project 2 Project 5 Project 3