. A firm is considering four projects that are expected to produce cash flows as shown below. 2 Year 0 1 2 3 Project A Project B Project C Project D $ $ $ -31,000 -60,000 -25,000 - 40,000 6,000 20,000 6,000 30,000 20,000 25,000 6,000 40,000 6,000 10,000 6,000 6,000 6,000 6,000 6,000 6,000 80,000 6 7 8 9 10 Your cost of capital is 12% but you have a capital rationing constraint of $120,000. Assuming they are independent of each other and infinitely divisible calculate the NPV's of each and your choice of projects with the overall NPV of the combined projects you have selected