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	NPV
1	2 million	18%	2,500,000
2	1 million	15%	950,000
3	1 million	10%	600,000
4	3 million	9%	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?