Determine the number of acceptable mutually exclusive bundles for the four independent projects described below if the investment limit is $400,000 and the following project selection restriction applies: Project 1 can be selected only if projects 3 and 4 are selected. (choose one)
(a) <7
(b) 7
(c) 10
(d) 12
 FIGURE 1.png)
There are 2? = 16 possible bundles. Considering the selection restriction and the $400,000 limitation, the viable bundles are:
 ANSWER.png)
Not acceptable bundles: 1, 12, 13, 14, 123, 124, 234, 134, 1234
Answer is (b) 7
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