Question: PLEASE ANSWER ASAP WITH STEPS ON HOW IT WAS SOLVED Question 2 (30 pts) ABC, a technology company, has made the following estimates of the
PLEASE ANSWER ASAP WITH STEPS ON HOW IT WAS SOLVED

Question 2 (30 pts) ABC, a technology company, has made the following estimates of the capital requirements and NPVs of its investment projects. The company has also estimated the number of development engineers required for each project (all cost values are given in millions of dollars). Project Number Initial Capital Number of NPV ($ Million) Development Engineers 20 6 15.1 15 5 19.7 C AW NA 20 3 20.0 35 35.0 15 40.2 Suppose that ABC can raise a maximum of $65m for investment purposes. Also, it has only 15 development engineers with the required skills on its staff (and it is quite difficult to find additional engineers with the requisite skills). Which of these projects will you select if your objective is to maximize NPV
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