Item #$1$b$.$ Portfolio Selection $($Use pages $370-373)$

The Mike$-$Milk Company has just received an adlitional $$750,000$ from a lawsuit. They would like your asdistance in developing an investment portfolio from their extra income. They are interested in the imvestment opporturities listed below.

$\backslash$table$[[$Investment Opportunities$],[$Investment$,$Projected Rate of Return $(\%)],[$Best Real Estate,$12\mathrm{.}4],[$We R Real Estate,$13\mathrm{.}0],[$Can Beat Us Health,$11\mathrm{.}0],[$Doing It Right Health,$8\mathrm{.}3],[$State Bonds,$5\mathrm{.}9]]$

The Mike$-$Milk Company also wants to stay within the investment parameters below:

Neither industry $($real estate nor heal thcare$)$ should receive more than $$250,000.$

State bonds should be at least $13\%$ of the total investment.

The investment in Cant Beat Us Health should not exceed $65\%$ of the total healthcare investment. $($Note: a high retum also means high risk$)$