Expand the capital budgeting model in Figure 14.40 so that there are now 20 possible investments. You can make up the data on cash requirements, NPVs, and the budget. However, use the following guidelines:
The cash requirements and NPVs for the various investments can vary widely, but the ratio of NPV to cash requirement should be between 2.5 and 3.5 for each investment. The budget should allow somewhere between 5 and 10 of the investments to be selected.