Develop a model that minimizes semivariance for the data given below with a required return of 15 percent. Define a variable d_s for each scenario and let with d_s = 0. Then make the objective function: Min .

		Scenario
Mutual Fund	Year 1	Year 2	Year 3	Year 4
Large-Cap Growth	41.54	36.18	32.76	20.63
Large-Cap Value	32.45	44.78	28.61	38.49
Small-Cap Growth	26.13	7.04	23.97	45.67
Small-Cap Value	37.56	18.53	27.53	5.48

Solve the model you developed with a required expected return of at least 15 percent.