Effect of Constraints on Capital Investment Decisions: Refer to the data in exercise 16-19 on Lucitania Oil
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Effect of Constraints on Capital Investment Decisions: Refer to the data in exercise 16-19 on Lucitania Oil Company. Assume the projects are indivisible (that is, you must buy 100 percent of any project or else none of that project).
Required: Determine the optimal investment policy for the company.
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