1. Your company is considering five different investment opportunities in different countries. The companys cost of capital is 12%. Data on these opportunities under consideration are given below.

Project	Investment ( in thousand $)	PV at 12% ($)	NPV ($)	IRR(%)	Profitability Index (Rounded)	Place
Alpha	9,000	8,749	-251	11	0.97	Thailand
Beta	25,000	27,453	2,453	14	1.1	Cambodia
Charlie	20,000	22,930	2,930	15	1.15	Singapore
Delta	35,000	39,325	4,325	16	1.12	Philippines
Echo	10,000	10,854	854	18	1.09	Indonesia

Based on these data, which project would you suggest management if you have limited budget of only $60,000,000 and explain why? Why does he needs to make such computation? (10 points)

Note: Pleas help me, please answer this in less than an hour. Thank you very much