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Please solve using excel solver (including steps/screenshots) Problem # 4. Define the objective...

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Finance

Please solve using excel solver (including steps/screenshots)

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Problem # 4. Define the objective function for the problem faced by a corporation for investiments. Corporation has tentatively allocated $40 million for capital investments after considering the financial characteristics of the following projects. Renovate the production facility for greater efficiency. P2 License a new technology for use in production. P3 Expand advertising by naming a stadium. P4 Purchase land and construct a new headquarters building. P5 Introduce a new product to complement the current line. P3 P4 P5 Project NPV Expenditure PI 2.0 12 P2 3.6 24 3.2 20 1.6 8 2.8 16

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