Proctoring Enabled: Chapter 7 Using Binary Integer Progr.. 6SavedHelp2Your employer is trying to select from a list of possible capital projects. The projects, along with their cost and benefits, are listedbelow. The capital budget available is $1 million. In addition to spending constraints, your employer would like to select at least 2projects. Projects 5 and 3 cannot both be selected together. Formulate the problem as a linear program and determine the optimalsolution.ProjectCostNet Present Value$230,000$300,000$660,000$740, 000$450,000$450,000$560,0002$260,000$230,000$255,0003.4Which projects should be selected?Project 1 willProject 2 willProject 3 willProject 4 willProject 5 willWhat is the total net present value of these projects?Total net present valueNextMcGrawHill< Prev2 of 5HUAWEI

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Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Which projects should be selected? Project 1 will Project 2 will Project 3 will Project 4 will Project 5 will What is the total net present value of these projects? Total net present value