Determine which 4 projects to accept based solely on the NPV criteria. Remember that projects 7 and 8 are mutually exclusive.
Project #1 NPV = $1,292.82
Project #2 NPV = $162.17
Project #3 NPV = $7,990.00
Project #4 NPV = $1,545.33
Project #5 NPV = $2,166.59
Project #6 NPV = $197.80
Project #7 NPV = $555.397
Project #8 NPV = $2,122.54