An engineer is considering upgrading four production-lines. She has determined that upgrading all four lines is economically justifiable and proposes to invest the $64,000 necessary to make these improvements. Her boss declines her request for all of the funds and states she may spend only $40,000 for improvements this year. Given her discount rate of 8%, what is the highest NPV she can obtain from her total investment? Do not enter dollar sign, just the number.
Project Initial NPV
Investment
A $12,000 $1,250
B $15,000 $1,150
C $12,000 $1,640
D $25,000 $2,840