The Vice President of Finance at Concord, Inc. has determined a capital investment budget of $8,000,000 for the next year. Unfortunately, this amount is not sufficient to accept all positive NPV projects available to the firm, which are listed in the table below. Help the Vice President of Finance to choose which set of investments should be accepted.

A. Using the Solver, determine which projects should be accepted if the firms goal is to maximize shareholders wealth, subject to the maximum investment constraint. (Note: Make sure to set the Solving Method to Simplex LP.)

B. Now assume that the Vice President of Finance has informed you that the capital budget has been cut to $4,000,000 for the next year, and that at least one project must be accepted for each region. Change your Solver constraints to account for this new information and find the new solution.

C. In addition to the constraints from part B, the Vice President of Finance has now informed you that projects 3, 5, and 8 are mutually exclusive, so, at most, one of them can be selected. Change your Solver constraints to account for this new information and find the new solution.

Show work (Excel) please!

Project Cost NPV Region Europe Europe Europe Asia Asia Asia Asia Africa Africa Africa $1,200,000$172,036 $2,000,000$362,283 $500,000 $147,487 $600,000$72,076 $700,000$129,352 6$3,000,000 $527,127 7 $1,500,000$343,632 $200,000$52,836 $2,400,000 $275,936 10 $1,000,000 $175,824 4 5 Project Cost NPV Region Europe Europe Europe Asia Asia Asia Asia Africa Africa Africa $1,200,000$172,036 $2,000,000$362,283 $500,000 $147,487 $600,000$72,076 $700,000$129,352 6$3,000,000 $527,127 7 $1,500,000$343,632 $200,000$52,836 $2,400,000 $275,936 10 $1,000,000 $175,824 4 5