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Eastern Engineering Company is trying to decide which of 6 projects to perform during the next...

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General Management

  1. Eastern Engineering Company is trying to decide which of 6projects to perform during the next quarter. The net present value,the estimated cost, and the number of engineers and staff personnelrequired for each project are given in the following table.

Project

Net Present Value ($1000’s)

Cost ($1000’s)

Engineers Required

Staff Required

1

100

35

5

2

2

145

65

8

3

3

200

95

11

2

4

250

180

4

2

5

500

250

16

7

6

695

475

19

11

Eastern has a $550,000 budget and 30engineers and 15 staff available. Which projects should Easternperform during the quarter?

Answer & Explanation Solved by verified expert
4.1 Ratings (796 Votes)
The project table isProjectNet Present Value 1000sCost 1000sEngineers RequiredStaff    See Answer
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