istory Bookmarks Window Help chegg.com Mail - jduncan@wusti.edu Engineering Economy 8th Edition Textbook Solutions Chegg.com TEXTBOOK SOLUTIONS EXPERT Q&A Chapter 12, Problem 22P (1 Bookmark) Show all steps. Linear Programming and Capital Budgeting Formulate the linear programming model, develop a spreadsheet, and solve the capital rationing problem in Example 12.1 with an investment limit of t) s20 million, as presented, (b) $13 millin and (c) $30 million. EXAMPLE 12.1 The projects review committee of Microsoft has $20 milion to allocate next year to new software product development. Any or all of five projects in Table 12-1 may be accepted. All amounts are in $1000 units. Each project has an expected life of 9 years. Select the project(s) if a 15% return is expected. TABLE 12-1 Five Equal-Life Independent Projects ($1000 Units) Inlitial Investment, Net Cash Flow. Life, Years -10,000 -15,000 -8,000 -6,000 -21,000 A. 2930 2680 2540 9500 Step-by-step solution F7 OF3