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There are 3 projects under consideration for investment purposes. Their initial costs and NPVs are listed in the following table. Project W X Y Initial

There are 3 projects under consideration for investment purposes. Their initial costs and NPVs are listed in the following table.

Project

W

X

Y

Initial cost

$20

$20

$30

NPV

$5

$7

$9

Total funds available is $60. What project(s) should be selected to obtain the largest aggregate NPV?

Select one:

a. X and Y

b. Y and W

c. X and W

d. W

e. Y

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