Question: Consider the capital budgeting problem where five projects are being considered for execution over the next 3 years. The expected returns for each project and

Consider the capital budgeting problem where five projects are being considered for execution over the next 3 years. The expected returns for each project and the yearly expenditures (in thousands of rupees) are shown in table. Assume that each approved project will be executed over the 3 year period. The objective is to select a combination of projects that will maximize the total returns. Formulate but not solve the mathematical programming problem.

problem.

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