XYZ telephone company has a capital Budget of $5,000,000 for the fiscal year. The total number of capital projects submitted was $7,000,000. The CFO and CEO have made a statement that only capital projects that prove worthy will be approved. The projects will be approved if they have a 3 year payback, positive NPVof 12%; and IRR of 12%. The companies WACC is 10%. The equipment purchases center on the 5th Generation Router and communication devices. What do you think?