The fields in

Europe	1
	Asia	1
	Africa	1

rows are not correctly populated.Th correct answer below. Please provide the steps, this should be in Excel using Vlookup. !! Below are a list of potential capital budgeting projects for DVX Inc. Create a vlookup which will populate the list of projects to be selected based on the following criteria

Th correct answer below. Please provide the steps, this should be in Excel using Vlookup. !! Below are a list of potential capital budgeting projects for DVX Inc. Create a vlookup which will populate the list of projects to be selected based on the following criteria

1. Budget of $4,000,000

2. Populate the Include column to indicate what projects should be selected, based on the project in each region with the highest NPV while staying below the total budget constraint.

3. Sum the total cost and total NPV of the selected projects.

DVX Inc.

Optimal Capital Budget

Under Capital Rationing

Region

Project

Cost

NPV

Include

Europe

1

$1,200,000

$172,036

?

Europe

2

$2,000,000

$362,283

?

Europe

3

$500,000

$147,487

?

Asia

4

$600,000

$72,076

?

Asia

5

$700,000

$129.35

?

Asia

6

$3,000,000

$527,127

?

Asia

7

$1,500,000

$343,632

?

Africa

8

$200,000

$52,836

?

Africa

9

$2,400,000

$275,936

?

Africa

10

$1,000,000

$175,824

?

Total

?

?

Constraint

4,000,000

Europe

?

Asia

?

Africa ?

DVX Inc.
Optimal Capital Budget
Under Capital Rationing
Region	Project	Cost	NPV	Include
Europe	1	$1,200,000	$172,036	0
Europe	2	$2,000,000	$362,283	1
Europe	3	$500,000	$147,487	0
Asia	4	$600,000	$72,076	0
Asia	5	$700,000	$129.35	0
Asia	6	$3,000,000	$527,127	0
Asia	7	$1,500,000	$343,632	1
Africa	8	$200,000	$52,836	1
Africa	9	$2,400,000	$275,936	0
Africa	10	$1,000,000	$175,824	0
	Total	$3,700,000	$758,751
	Constraint	4,000,000
	Europe	1
	Asia	1
	Africa	1