1. Use the following information regarding the cash flows (in millions) of four independent projects to answer the next question.

   Project	Initial Outlay	NPV
   A	-50	55
   B	-65	70
   C	-105	125
   D	-115	130

   Assuming your firm has $225 million to finance the projects shown above, which project or projects should your company accept based on NPV?

   		A,B,C
   		B,C,D
   		C,D
   		A,B,C,D
   		None of the above