Question: Please use a separate Excel workbook for this problem. Name the Excel workbook as follows: Your last name_Problem1. For example, your instructor would name it

 Please use a separate Excel workbook for this problem. Name the

Please use a separate Excel workbook for this problem. Name the Excel workbook as follows: Your last name_Problem1. For example, your instructor would name it as follows: Jance_Problem1. 2 Suppose you are trying to maximize NPV (net present value). You have five (5) potential projects to choose from. There is a maximum amount available each year for project expenses, at least three projects must be chosen, and if Project B is chosen then Project D must also be chosen. Here is the problem information: Here is the total amount available for project expenses for Years 1 through 5: 1) Write out the mathematical model for this problem. Be sure to include the objective function, decision variables, and constraints (4 points). 2) Setup the binary integer linear programming model in Excel to determine the optimal solution (which projects should be chosen) and the resulting NPV. Use Solver to find the optimal solution (8 points). Please note, that your instructor will be checking your Solver settings for this

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