Question: Solve it by Excel ,, and Clear Answer Five projects are being evaluated over a 3-year planning horizon. The following table gives the expected returns

Solve it by Excel ,, and Clear Answer Solve it by Excel ,, and Clear Answer Five
Five projects are being evaluated over a 3-year planning horizon. The following table gives the expected returns for each project and the associated yearly expenditures. Returns (million 5) 20 40 Project Project 1 Project-2 Project-3 Project-4 Projects Available funds (million S) Expenditures (million 5)/yr Year 1 Year-2 Year 5 1 8 4 7 10 3 9 2 7 4 1 8 6 10 25 25 25 20 15 30 Which projects should be selected over the 3-year horizon? The problem reduces to a "yes-no" decision for each project. Define the binary variable x, as

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