You are in charge of one division of Yeti Surplus Inc. Your division is subject to capital rationing. Your division has 4 indivisible projects available, detailed as follows: Project Initial Outlay IRR 1 2 million 18% 2 1 million 15% 3 1 million 10% 4 3 million 9% NPV 2,500,000 950,000 600,000 2,000,000 If you must select projects subject to a budget constraint of 5 million dollars, which set of projects should be accepted so as to maximize firm value? Projects 2, 3 and 4 Project 1 only Projects 1 and 4 Projects 1, 2 and 3