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Your employer is trying to select from a list of possible capital projects. The projects, along with their cost and benefits, are listed below. The

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Your employer is trying to select from a list of possible capital projects. The projects, along with their cost and benefits, are listed below. The capital budget available is $1 million. In addition to spending constraints, your employer would like to select at least 3 projects. Projects 3 and 5 cannot both be selected together. Formulate the problem as a linear program and determine the optimal solution. Project 1 2 3 4 5 Cost $220,000 $295,000 $245,000 $ 205,000 $285,000 Net Present Value $430,000 $480,000 $750,000 $500,000 $670,000 Which projects should be selected? Project 1 will Project 2 will Project 3 will Project 4 will Project 5 will What is the total net present value of these projects? Total net present value

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