YZA Ltd. has $1,050,000 available for investment in 7 projects. Each project requires a different investment amount and has unique NPVs and IRRs. Considering the opportunity cost of capital is 12%, determine which projects should be selected to maximize NPV within the budget. Calculate the total NPV of the selected projects.

Project	Investment ($thousands)	NPV ($thousands)	IRR (%)
1	200	35	12.0
2	300	50	13.0
3	400	70	14.0
4	250	45	13.5
5	150	25	11.0
6	100	15	10.0
7	350	55	13.0