VWX Corp. has a capital budget of $950,000 for new projects. They are considering 8 potential projects with different investment costs, NPVs, and IRRs. Given the cost of capital is 10%, which projects should be undertaken to maximize NPV within the budget? Calculate the total NPV of the selected projects.

Project	Investment ($thousands)	NPV ($thousands)	IRR (%)
1	250	40	12.0
2	150	20	10.5
3	350	55	13.0
4	200	30	11.5
5	400	65	14.0
6	300	50	13.5
7	100	10	9.0
8	150	25	10.0