You are in charge of marketing division at the Potato Corporation, which is subject to capital rationing. The division has four indivisible projects available, detailed as follows. Project 1 requires an initial cash outlay of $2 million, has an IRR of 18% and NPV of $2.50 million. Project 2 requires an initial cash outlay of $1 million, has an IRR of 15% and NPV of $0.95 million. Project 3 requires an initial cash outlay of $1 million, has an IRR of 10% and NPV of $0.6 million. Project 4 requires an initial cash outlay of $3 million, has an IRR of 9% and NPV of $2 million. Suppose you need to select projects subject to a budget constraint of $5 million. Which project or projects should be accepted to maximize firm value? Select one: O a. Projects 1 and 4 O b. Projects 1, 2 and 3 O c. Project 1 only O d. Projects 2, 3 and 4