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You are evaluating several projects for investment. Information on these projects is given below: Investment OutlayNPV Project I $600 Project II $500 Project III$100 Project

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You are evaluating several projects for investment. Information on these projects is given below: Investment OutlayNPV Project I $600 Project II $500 Project III$100 Project IV$400 $300 $270 $80 $100 Given that you have a $1,000 capital budget to invest in several projects, and it cannot invest in fractional projects, which of the following is most likely the optimal combination of projects? A) Project I and Project III only B) Project I and Project IV only C) Project II and Project III only D) Project II and Project IV only E) Project II, Project III, and Project IV only

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