Exercise 2 Use the PW method at 8% per year to select up to three projects from the five available ones if no more than $24,000 can be invested. Estimated lives and annual net cash flows vary. Identify all viable bundles, calculate PW for each or them, and recommend the best. Project yr7 yr8 1,600 1,000 W Initial Investment, $ -5,000 -8.000 -10,000 -8.000 -7,0000 yri 1,000 1.000 O 1 2.000 yr2 Lyr3 1,700 1,900 1.000 1.500 0 L 3,000 2.000 0 1,000 1,000 yr4yr5 2,400 2,200 1,500 12,000 6,000 9,000 0 5,000 1,000 2,000 z 5,000 2,000 2,000 1,000