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. Initial Project yr3 yr8 yr 1,600 yr 1,000 VIV W X Y Z Investment, $ -5,000 -8,000 -10,000 -8,000 -7,000 yr1 1,000 1,000 O 2,000 yr2 1,700 1,000 O 2,000 1,000 1,900 1,500 3,000 O 1,000 yr4 | 2,400 1,500 6,000 0 1,000 yr 2,200 12,000 9,000 5,000 2,000 5,000 2,000 0 2,000 1,000 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. Initial Project yr3 yr8 yr 1,600 yr 1,000 VIV W X Y Z Investment, $ -5,000 -8,000 -10,000 -8,000 -7,000 yr1 1,000 1,000 O 2,000 yr2 1,700 1,000 O 2,000 1,000 1,900 1,500 3,000 O 1,000 yr4 | 2,400 1,500 6,000 0 1,000 yr 2,200 12,000 9,000 5,000 2,000 5,000 2,000 0 2,000 1,000