Question: Please post the excel steps thank you Problem 2 25 points total A company wants to determine the optimal replacement policy for its photocopier. The

Please post the excel steps thank you Please post the excel steps thank you Problem 2

Problem 2 25 points total A company wants to determine the optimal replacement policy for its photocopier. The company does not keep photocopiers longer than 4 years. The company has estimated the annual costs for photocopiers during each of the 4 years and developed the following network representation of the problem. +0 2 Yr 2 & 3: 50.000 Yr 1: 26,000 -1 Yr 2: 25.00 Yr3:28.000 Yr 4: 17,000 Yr 1 & 2: 50.000 3 Yr 3 & 4: 40,000 5 +0 a. Formulate a network model for this problem. (10 points) b. Implement your model in a spreadsheet and solve it. (15 points) c. What is the optimal replacement policy? (5 points)

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