Windsor Companies has generated the following list of independent projects. Gi

Windsor Companies has generated the following list of independent projects. Given the firm%u2019s 18% cost of capital all of the
projects are acceptable. Unfortunately the cost to undertake them all would exceed the company%u2019s $500000 budget. Given this dilemma which combination
of projects should Windsor undertake? Justify your answer.

Project ICO NPV IRR PI

A $250000 $160000 21.2% 1.640

B $225000 $150000 19.6% 1.667

C $200000 $45000 18.7% 1.225

D $175000 $110000 22.9% 1.629

E $150000 $135000 19.1% 1.900

F $125000 $70000 24.8% 1.560

G $100000 $85000 20.2% 1.850

H $75000 $40000 26.4% 1.533

I $50000 $25000 21.2% 1.500

J $25000 $20000 23.7% 1.800