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4 ) Model ( 3 marks per question ) and solve ( 3 marks per question ) the following scenarios using solver tool in excel

4) Model (3marks per question) and solve (3 marks per question) the following scenarios using solver tool in excel
Note that you must submit the excel document to get credit for this question
Ana has at most $58,000 to invest in securities in the form of corporate stocks. She has narrowed her choices to three groups of stocks: growth stocks that she assumes will yield a 13% return (dividends and capital appreciation) within a year, speculative stocks that she assumes will yield a 9% return (mainly in capital appreciation) within a year and ETFs which average at 11% return per year. Determine how much she should invest in each group of stocks to maximize the return on her investments within a year if she has to invest at least 2 times as much in growth stocks as in speculative stocks and at least three times more in ETFs as in growth stocks.
Hint: Total money is the only resource

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