A company is considering doing several proposed projects that have the financial properties shown in the table below. The available budget is $900. The objective is to select the projects that maximize the total net present value, while keeping the required cash outlays within the available budget. The net present value of each project is equal to its present worth minus its required cash outlay, and the total net present value is the sum of the individual net present values of all the projects that are selected. Which projects should be selected? Project Required Cash Outlay Present Worth 1 $100 $200 N $200 $500 3 $300 $2,300 4 $400 $1,200 5 $500 $1,250 0 1 and 3 and 4 2 and 3 and 4 1 and 2 and 3 1 and 3 and 5 0 1 and 2 and 4 4 and 5