Question: please do not solve with excel, but with long written answers. thank you. Question #4. The board of directors of General Wheels Co. is considering

please do not solve with excel, but with long written answers. thank you. please do not solve with excel, but with long written answers. thank

Question #4. The board of directors of General Wheels Co. is considering seven large capital investments. Each investment can be made only once. These investments differ in the estimated long-run profit (net present value) that they will generate as well as in the amount of capital required, as shown by the following table. Investment opportunity Estimated profit (Smillion) $17 Capital required (Smillion) 1 $43 2 $10 $28 3 $15 S34 4 $19 $48 5 $7 $17 6 $13 $32 7 $9 $23 The total amount of capital available for these investments is $100 million. Investment opportunities 1 and 2 are mutually exclusive (i.e., they cannot be chosen simultaneously), and so are 3 and 4. Furthermore, 5 can be undertaken only if both 1 and 3 are taken, Opportunity 7 has to be chosen if both 2 and 4 are selected, and Opportunity 7 cannot be invested unless at least one of 5 and 6 is invested. The objective is to select the combination of capital investments that will maximize the total estimated long-run profit (net present value). Formulate this problem as an integer programming model

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