Question: 5. Formulate the following problem as an integer programming model and solve it with branch and bound: Four projects are available for investment. The projects

5. Formulate the following problem as an integer

5. Formulate the following problem as an integer programming model and solve it with branch and bound: Four projects are available for investment. The projects require the cash flows and yield the net present values (NPV) that are shown in millions in the Table. If $6 is available for investment at time 0, find the investment plan that maximizes NPV. Cash Outflow at Time 0 ($) Project NPV ($) 1 3 5 2 5 8 3 2 3 4 4 7

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