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The optimal combination of projects is the combination that provides the highest total NPV without going over the investment spending limit. This is not the optimal combination of projects. This combination's total NPV is $23,000, and there are combinations that would yield higher total NPVs without going over the limit.
This combination of projects is the combination from among the answer choices given that yields the highest total NPV without investing more than the amount of capital that is available. Ordinarily with a question like this, we start by identifying all of the possible combinations of projects that would stay within the budgeted amount, then determine which combination yields the highest total NPV. However, since in this question there are only four answer choices, we are limited to those. No other combination can be chosen, so we don't need to consider any other combinations. Projects Total Investment Total NPV R, S, U and W $90,000 $28,000 R, V and W $100,000 $23,000 R, S and V $90,000 $25,000 T and U $100,000 $23,000 We can see by looking at the table that all of the choices of combinations stay within the $100,000 limit. If one or more had required total investment of over $100,000, they would have been eliminated immediately. But so far, all four combinations are candidates. Next, we look at the Total NPV column and find the combination of projects with the highest Total NPV. The combination R, S, U and W creates the highest NPV, and it requires $90,000 of investment capital, thereby staying within the $100,000 limitation.
The optimal combination of projects is the combination that provides the highest total NPV without going over the investment spending limit. This is not the optimal combination of projects. This combination's total NPV is $23,000, and there are combinations that would yield higher total NPVs without going over the limit.
The optimal combination of projects is the combination that provides the highest total NPV without going over the investment spending limit. This is not the optimal combination of projects. This combination's total NPV is $25,000, and there is a combination that would yield a higher total NPV without going over the limit.