Woods, Inc., is considering four independent investment proposals. Woods has $3 million available for investment during the present period. The investment outlay for each project and its projected net present value (NPV) is presented below. Project Investment Cost $ 500,000 900,000 1,200,000 1,600,000 NPV $ 40,000 120,000 180,000 150,000 INI IV Choose... If there was no capital constraints, which of the projects should be recommended to Woods' management? Given the capital constraints, which of the projects should be recommended to Woods' management? Choose