A company has 10 independent projects with a positive npv


A company has 10 independent projects with a positive NPV but, management can only accept 7 projects.   

a. Strictly following financial theory, is management acting in shareholders’ best interest?

b. Provide three plausible reasons why management decided to reject three projects with positive NPV.

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Financial Management: A company has 10 independent projects with a positive npv
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