Consider Problem 5 with the following modification: Each month Toyco can delay payments on some or all of the cash owed for the current month. This is called “stretching payments ” Payments may be stretched for only one month, and a 1% penalty is charged on the amount stretched. Thus, if it stretches payments on $10,000 cash owed in January, then it must pay 10,000(1.01) = $10,100 in February. With this modification, formulate an LP that would help Toyco maximize its cash on hand at the beginning of January 1, 2004.
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