(5 points) Problem 14.11 (Models with Binary Variables): Riesemberg Medical Devices is allocating next year's budget among its divisions. As a result, the R&D Division needs to determine which R&D projects to fund. Each project requires various software and hardware and consulting expenses, along with internal human resources. A budget allocation of $1,300,000 has been approved, and 35 engineers are available to work on the projects. The R&D group has determined that a most one of projects 1 and 2 should be pursued, and that if project 4 is chosen, then project 2 must also be chosen. Develop a model to select the best projects within the budget. Project 1 internal engineers 9 4 nmnn 2 3 4 5 6 7 NPV ($) 600,000 580,000 550,000 400,000 650,000 725,000 340,000 7 12 8 10 8 additional costs 196,000 400,000 70,000 180,000 225,000 200,000 130,000 oo (5 points) Problem 14.11 (Models with Binary Variables): Riesemberg Medical Devices is allocating next year's budget among its divisions. As a result, the R&D Division needs to determine which R&D projects to fund. Each project requires various software and hardware and consulting expenses, along with internal human resources. A budget allocation of $1,300,000 has been approved, and 35 engineers are available to work on the projects. The R&D group has determined that a most one of projects 1 and 2 should be pursued, and that if project 4 is chosen, then project 2 must also be chosen. Develop a model to select the best projects within the budget. Project 1 internal engineers 9 4 nmnn 2 3 4 5 6 7 NPV ($) 600,000 580,000 550,000 400,000 650,000 725,000 340,000 7 12 8 10 8 additional costs 196,000 400,000 70,000 180,000 225,000 200,000 130,000 oo