Ranking Investment Alternatives. (Problem10-41) Grosvenor Industries has designa

Ranking Investment Alternatives. (Problem10-41) Grosvenor Industries has designated $1.2 million for capitalinvestment expenditures during the upcoming year. Its cost ofcapital is 14 percent. Any unused funds will earn the cost ofcapital rate. The following investment opportunities along withtheir required investment and estimated net present values havebeen identified: