(Answered) A company has identified five independent projects for possible implementation in the upcoming…

A company has identified five independent projects for possible implementation in the upcoming financial year.
The table below shows the initial investment, the life and the present worth for each of the projects:
Project
Initial Investment (Rands)
Project Life (in Years)
PW of Project @ 12% (in Rands)
A
-R150,000
6
R 85,400
B
-R250,000
8
R 123,250
C
-R100,000
6
R 30,000
D
-R250,000
4
R 100
E
-R400,000
12
R 153,500
Given the number of projects, what is the maximum number of mutually exclusive project bundles that can be formed and how many of these bundles will fit within a budget limitation of R250,000? Select the correct answer from the options below:
Question 7Answer
5 mutually exclusive bundles are possible, all will fit in the budget
5 mutually exclusive bundles are possible, but only 4 bundles will fit in the budget
16 mutually exclusive bundles are possible, but only 5 bundles will fit in the budget
32 mutually exclusive bundles are possible, but only 5 bundles will fit in the budget
64 mutually exclusive bundles are possible, but only 5 bundles will fit in the budget
16 mutually exclusive bundles are possible, but only 6 bundles will fit in the budget
32 mutually exclusive bundles are possible, but only 6 bundles will fit in the budget
64 mutually exclusive bundles are possible, but only 6 bundles will fit in the budget
8 mutually exclusive bundles are possible, but only 6 bundles will fit in the budget
None of the above