Galaxy Satellite Co. is attempting to select the best group of independent projects competing for the firm's fixed capital budget of $10,000,000. Any unused portion of this budget will earn less than...

Extracted text: Galaxy Satellite Co. is attempting to select the best group of independent projects competing for the firm's fixed capital budget of $10,000,000. Any unused portion of this budget will earn less than its 20 percent cost of capital. A summary of key data about the proposed projects follows. Project А Initial Investment IRR PV of inflows at 20% $3,000,000 $9,000,000 $1,000,000 $7,000,000 $3,050,000 $9,320,000 $1,060,000 $7,350,000 21% В 25% 24% 23% Use the NPV approach to select the best group of projects.