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Real-World Applicationshard
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A firm has \\100,000toinvestinthreeprojects.Projectto invest in three projects. Projecttoinvestinthreeprojects.ProjectArequiresrequiresrequires\50,00050,00050,000 and yields NPV \\80,000.Project. Project .ProjectBrequiresrequiresrequires\40,00040,00040,000 and yields NPV \\60,000.Project. Project .ProjectCrequiresrequiresrequires\30,00030,00030,000 and yields NPV \\50,000$. If the firm can invest in at most one of each project (binary selection), which combination maximizes the total Net Present Value (NPV) without exceeding the budget?