Question: (Capital rationing) Kurta Company Ltd. has a budget of $10 million for new projects. The projects are independent and have the following costs and profitability indexes associated with them:
![2047_Cost.png](https://secure.tutorsglobe.com/CMSImages/2047_Cost.png)
a. Make your selection under strict capital rationing.
b. Do you see any problems with your decision? Explain