Question: 5 01:11:4/ Return Next Time Remaining 5 5 points A CEO will be making the capital budgeting decision based on the information set below. Which

01:11:4/ Return Next Time Remaining 5 5 points A CEO will be making the capital budgeting decision based on the information set below. Which project(s) is (are) most likely to be accepted, if the company's investment budget is $12 million? I. A project with initial investment of $7 million, NPV of $430,000, payback of 5 years, and IRR of 10%. II. A project with initial investment of $5 million, NPV of $200,000, payback of 3 years, and IRR of 7%. III. A project with initial investment of $8 million, NPV of $450,000, payback of 3 years, and IRR of 11%. O If the projects are mutually exclusive, accept I. O If the projects-are mutually exclusive, accept III. O If the projects are not mutually exclusive, accept II and III. O If the projects are not mutually exclusive, accept all. Previous Next o search O Hi 9 EV

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