1. An initial investment of $50,000 is projected to generate cash flows over a three year project life as follows: Year Cash Flow Probability of Occurrence 1 25,000 0.40 18,000 0.60 2 30,000 0.50 20,000 0.50 35,000 0.70 25,000 0.30 Compute the expected net present value profit of this investment for an opportunity rate of 25%