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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 2 projects. Projects 4 and 1 cannot both be selected together. Formulate the problem as a linear program and determine the optimal solution.



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This problem requires the use of a linear programming application such as Solver or Analytic Solver. 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 two projects. If project 1 is chosen then project 2 cannot be selected. Formulate the problem as a linear program and determine the optimal solution. ProjectCostNet Present ValueNotes1$250,000$500,000Cannot be selected if 2 is selected2$500,000$750,000Cannot be selected if 1 is selected3$290,000$333,000 4$650,000$400,000 5$750,000$600,000 Multiple Choice a. Project 3 and project 5 b. Project 2 and project 3 c. Project 1 and project 5 d. Project 1 and project 3 e. Project 1 and project 2

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