Question Completion Status: QUESTION 34 5 points Save Answer Consider Welte Mutual Funds, Inc., located in New York City. Welte just obtained $100,000 and is looking for investment opportunities for these funds. Based on Welte's current investments, the firm's top financial analyst recommends that all new investments be made in the oil industry, steel industry, or in government bonds. Specifically, the analyst identified five investment opportunities and projected their annual rates of return. Investment Projected Rate of Return (%) Atlantic Oil 7.3 Pacific Oil 10.3 Midwest Steel 6.4 Huber Steel 7.5 Government bonds 4.5 Management of Welte imposed the following guidelines: 1 Neither industry (oil or steel) should receive more than $50,000. 2 Government bonds should be at least 25% of the steel industry investments. 3. The investment in Pacific Oil, the high-return but high-risk investment, cannot be more than 60% of the total oil industry investment. a. What Is the objective function? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). B I U S Paragraph Arial 14px V A V v . .. E X2 X 2 + ABC