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A firm is considering several new products. There are three groups of products: A, B, C. Only one product from each group will be selected

A firm is considering several new products. There are three groups of products: A, B, C. Only one product from each group will be selected for development. Data concerning these groups and product candidates appears below

Group

Product

Cost

CF

A

A1

500000

90000

A2

650000

110000

A3

700000

115000

B

B1

600000

105000

B2

675000

112000

C

C1

800000

150000

C2

1000000

175000

Assuming a MARR of 10%, a useful life of 10 years for each product, and budget cap of $2,100,000, formulate an integer program to select a product from each group.

Could you show how to do this in Excel Solver Add-in

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