Question: please write clearly and shortly 3. [25 pts.] Four projects are available for investment. The projects require the cash flows and yield the net present
please write clearly and shortly
3. [25 pts.] Four projects are available for investment. The projects require the cash flows and yield the net present values (NPV) (in millions) shown in the following table. Project id. Cash outflow at time 0 NPV (million Lira) (million Lira) 1 2 3 4 8 8 6 5 12 11 8 6 If 20 million Lira is available for investment at time 0, find the investment plan that maximizes NPV. All investments are required to be 0 or 1 (fractional investment values are not permitted). Formulate the mathematical model. (Write the decision variables, objective function and the constraints.) [10 pts.] a
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