Longchamps Electric is faced with a capital budget of$150000 for the coming year

Longchamps Electric is faced with a capital budget of$150000 for the coming year. It is considering six investmentprojects and has a cost of capital of 7%. The six projects arelisted in the following table along with their initial investmentsand their IRRs. Using the data given prepare an investmentopportunities schedule (IOS). Which projects does the IOS suggestbe funded? Does this group of projects maximize NPV?Explain.Project Initial Investment IRR1 $75000 8%2 40000 10%3 35000 7%4 50000 11%5 45000 9%6 20000 6%