Question: Consider the following projects: Project A BC C D E NPV (m) 2 6 10 6 20 Initial investment (m) 0.6 7 5 1

Consider the following projects: Project A BC C D E NPV (m) 2 6 10 6 20 Initial investment (m) 0.6 7 5 1 20 A capital constraint of 32m has been imposed on the total initial investment. The projects are divisible and each may be undertaken only once. What is the maximum NPV available from the projects?

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