2. [30] The following project is under consideration by your company. Because of the impact of Revenue and Expenses on the projects profitability, consultants were hired to better estimate the profit the project should provide. In their report, the consultants determined the following profit and probabilities for the project.

R - E	Probability
$27,000	0.10
$33,000	0.25
$37,000	0.30
$41,000	0.25
$47,000	0.10

The project has the following other parameters which are considered relatively good estimates. Determine the expected value of the Net Present Value for the project.

Investment: 170,000

Salvage Value: 20,000

Project Life: 12 years

MACRS Schedule: 7 years

Tax Rate: 25%

MARR: 12%

Inflation: 3%

Bonus Depreciation: 40%