Vacation Properties LLC is evaluating 6 real estate projects. Management plans to buy properties today and sell them 5 years from today. The following table summarizes the costs and expected sales in year 5 from each property. Property Cost Today Discount Rate Expected Sales in Year 5 Mountain Ridge S 3,000,000 15% 18,000,000 Ocean Park 5 15,000,000 15% 75,500,000 Lakeview $ 9,000,000 15% 50,000,000 Seabreeze $ 6,000,000 8% 35.500.000 Green Hills S 3.000.000 10,000,000 West Ranch $ 9,000,000 46,500,000 89 Vacation Properties has a budget of $18,000,00 to invest into properties. Below is the IRR, NPV, and Profitability Index for each investment: Mountain Ridge: IRR 43.10; NPV-$5,949,181.24; Profitability Index -1.983 Ocean Park: IRR-38.16; NPV-522,536,843.52; Profitability Index-1.502 Lakeview: IRR 40.91; NPV-515,858,836.76; Profitability Index-1.762 Seabreeze: IRR-42.70; NPV-$18,160,703.49; Profitability Index 3.0267 Green Hills: IRR-27.23; NPV-$3,805,831.97; Profitability Index-1.269 West Ranch: IRR-38.9; NPV-$22,647,118.66; Profitability Index-2.516 d. Given its budget of $18 million, which properties should Vacation Properties purchase now? e. If Vacation Properties budget was $12 million, which properties should the company purchase now