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solina solina
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7 years ago
Economists at PHE Llc estimate a 20% probability of a recession next year, a 50% probability of an average economy, and a 30% probability of a rapid expansion.  If there is a recession, the NPV of project O will be $20 million; if the economy is average, it will be $45 million and in case of a rapid expansion, it will be $75 million. What is the expected NPV of the project?
A) $57.5 million
B) $49 million
C) $46.67 million
D) $45 million
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
Authors:
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Heavy Heart Thank you bio-forums! Heavy Heart
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David_hessDavid_hess
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7 years ago
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solina Author
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7 years ago
Really appreciate the assistance, very kind of you!
Heavy Heart Thank you bio-forums! Heavy Heart
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