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You are considering several different projects to invest in. Project 1 has an NPV of 60 and an initial cost of 95. Project 2 has

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You are considering several different projects to invest in. Project 1 has an NPV of 60 and an initial cost of 95. Project 2 has an NPV of 35 and an initial cost of 50. Project 3 has an NPV of 30 and an initial cost of 45. If you have a limited project budget, which is the first project you should accept before considering the others? Project 1 Project 2 Project 3 None of the projects are value-adding

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