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1. If competitors do not respond to a new product, there is a .8 probability of a positive net present value. If competitors do respond,

1.If competitors do not respond to a new product, there is a .8 probability of a positive net present value. If competitors do respond, there is a .3 probability of a positive net present value. There is a .7 probability that competitors will respond. What is the probability of a positive net pres-ent value?

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