Your company is evaluation 4 independent projects and is subject to capital rationing, detailed as...

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Your company is evaluation 4 independent projects and is subject to capital rationing, detailed as follows: Project Initial Outlay IRR NPV 18% 2,500,000 2 million 1 15% 950,000 2 1 million 3 1 million 10% 600,000 3 million 9% 2,000,000 If you must select projects subject to a so as to maximize firm value? budget constraint of 3 million dollars, which set of projects should be accepted O1 and 2 O1 only O 1,2 and 3 1 and 4 2, 3 and 4

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