Question: Note: This problem requires the use of a linear programming application such as Solver or Analytic Solver. A firm has prepared the following binary integer
Note: This problem requires the use of a linear programming application such as Solver or Analytic Solver.
A firm has prepared the following binary integer program to evaluate a number of potential new capital projects. The firm's goal is to maximize the net present value of their decision while not spending more than their currently available capital.
Set up the problem in Excel and find the optimal solution. Which projects are selected?
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