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Eastern Engineering Company Is Trying to Decide Which of 6

Question 41

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Eastern Engineering Company is trying to decide which of 6 projects to perform during the next quarter.The net present value, the estimated cost, and the number of engineers and staff personnel required for each project are given in the following table.  Project  Net Present Cost  Engineers  Staff  Value ($1000s) Required  Required ($1000s)1100355221456583320095112425018042550025016766954751911\begin{array}{ccccc}\text { Project } & \text { Net Present} & \text { Cost } & \text { Engineers } & \text { Staff }\\ &\text { Value } & \left(\$ 1000^{\prime} s\right) & \text { Required } & \text { Required }\\&(\$ 1000^{\prime} \mathrm{s})\\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\end{array}
Eastern has a $550,000 budget and 30 engineers and 15 staff available.Which projects should Eastern perform during the quarter?

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( MAX 100X1 + 145X2

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