Leeth Corporation is considering the following six long-term projects: 
Only $50,100 is available for investment in these projects.
Required:
a. Determine which projects should be accepted.
b. Determine the total net present value of all of the accepted projects if your plan from part (a) above is adopted.
Definitions:
Costs
The expenses incurred in acquiring or producing goods and services.
Beginning Inventory
The value of a company's inventory at the start of an accounting period, which is carried over from the end of the previous period.
Net Income
The total earnings of a company after all expenses and taxes have been deducted from total revenue.
Actual Inventory
The physical count of products or materials a company has available at a specific point in time.
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