This should be in Excel ONLY please !!

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