23.6 Suppose in the previous problem, you think it is likely that expected sales will be revised...
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23.6 Suppose in the previous problem, you think it is likely that expected sales will be revised upward to 15,000 units if the first year is a success and downward to zero units if the first year is a failure. Success or failure are equally likely. What is the NPV of the project?
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Corporate Finance
ISBN: 9780071229036
6th International Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
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