Question: Consider the following binary linear programming formulation of a capital budgeting problem. The objective is to maximize the present worth. Max 800 1 + 1,200

Consider the following binary linear programming formulation of a capital budgeting problem. The objective is to maximize the present worth. Max 800 1 + 1,200 2 + 950 3 + 1,650 4 Subject to 1,500 1 + 2,000 2 + 2,500 3 + 3,000 4 <=7,000 a) Find the present worth for the optimal portfolio. (6 points) b) Find the present worth for the optimal portfolio with the additional constraint, 2 + 4 <= 1. (4 points)

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