The management of Greenfield Equestrian Centre and Stud Farm is considering the following investment project to develop
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The management of Greenfield Equestrian Centre and Stud Farm is considering the following investment project to develop the business.
The forecast NPVs and their assigned probabilities are as follows:
Optimistic £75,000 (0.4), middle £50,000 (0.4), pessimistic
£10,000 (0.2)
Calculate the range and the ENPV. Comment on your findings.
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