Johnson and Johnson is expanding its first-aid products line for individuals allergic to latex. The research team comprised of doctors, engineers, and chemists has proposed the four projects estimated in Problem. Develop the linear programming model and use a spreadsheet to select the projects to be funded. The MARR is 12% per year, and the budget limit is $16 million. All monetary values are in $1000 units. Use the PW method to evaluate four independent projects. Select as many as three of the four projects. The MARR is 12% per year, and up to $16,000 in capital investment funds areavailable.
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