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.

Max

100 x_{1} + 120 x_{2} + 90 x_{3} + 135 x_{4}

s . t . 150 x_{1} + 200 x_{2} + 225 x_{3} + 175 x_{4} 500 {C o n s t r a i n t 1}

Set up the problem in Excel and find the optimal solution. What is the expected net present value of the optimal solution?

Note: This problem requires the use of a linear programming application

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