What is the total return on investment

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Josh Ripley has asked his investment manager to invest a sum of $400,000 of his money into the list of investments vehicles listed here with their respective return rates. However, he has some specific instructions that he would like to have them follow. His goal is the maximize his return on investment given these requirements. X1 = Edwards Electronics, Return Rate = 2.5%; X2 = Revmont Electronics, Return Rate = 5.7%; X3 = Wheelhouse Waterways, Return Rate = 3.7%; X4 = Greenhouse Gas Byproducts, Return Rate = 7.7%; and X5 = Be Happy Pharmaceuticals, Return Rate = 12.8%. In formulating the equations in a linear programming problem: Josh has requested that at least 20% of the investments should be placed in a combination of pharmaceuticals and waterways. MUST use Solver to answer this.

What is the total return on investment?

Reference no: EM132730118

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