Question: Five projects are being evaluated over a 3 - year planning horizon. The following table gives the expected returns for each project and the associated

Five projects are being evaluated over a 3-year planning horizon. The following table gives the expected returns for each project and the associated yearly expenditures.
Expenditures (millions $)/year
Project
1
2
3
Returns (million $)
1
5
1
8
20
2
4
7
10
40
3
3
9
2
20
4
7
4
1
15
5
8
6
10
30
Available funds (million $)
25
25
25
a) Formulate the above as an integer linear programming problem, utilizing the 3-step LP problem formulation technique described during my lectures. (5 points)
Note: Points will be given for each component of the formulation according to the answer submitted by the student in the following manner:
Decision Variables: 1 point
Objective Function: 1 point
Constraints: 3 points

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