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You Have a Project That Costs $750,000

Question 26

Multiple Choice

You have a project that costs $750,000.It has a 0.30 chance of paying off $3,000,000 and a 0.70 chance of paying off $0.What is the expected profit from the new project?


A) $300,000
B) $150,000
C) $100,000
D) zero

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