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The investment committee of a company has identified the following seven projects with positive ...

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The investment committee of a company has identified the following seven projects with positive ...

The investment committee of a company has identified the following seven projects with positive NPVs. If the board of directors has approved a $4.5-million capital budget for the current period, which projects should be selected?

Project	Initial investment ($)	NPV ($)
1	1,125,000	428,000
2	2,700,000	486,000
3	675,000	170,000
4	375,000	30,000
5	1,500,000	900,000
6	225,000	32,000
7	900,000	405,000

Textbook

Business Mathematics in Canada

Edition: 11^th

Authors: Jerome, Worswick

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Thanks

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This helped my grade so much Perfect

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