The Chief Financial Officer of Eaton Medical Devices has determined that the firm's capital investment budget will be $5,000,000 for the upcoming year. Unfortunately, this amount is not sufficient to cover all of the positive NPV projects available to the firm.

You have been asked to choose which investments should be made.
a. Using the Solver, determine which of the above projects should be included in the budget if the firm's goal is to maximize shareholder wealth.

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NPV $106,728 50,524 244,053 77,709 15,277 66,922 107,166 69,015 52,614 49,296 Project Cost $922,775 488,486 1,432,913 892,192 2 3 1,159,674 2,697,950 239,625 1,777,453 884,841 2 2