1 A consultant to Finco claims that Finco’s cash on hand at time 3 is the sum of the cash inflows from all investments, not just those investments yielding a cash inflow at time 3.

Thus, the consultant claims that Finco’s objective function should be

Explain why the consultant is incorrect.

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max z = 1.5A 1.5B+1.2C+ 1.9D + 1.5E +1.08S+ 1.08S + 1.0852