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2. Pio and Sons Incorporated spends P30,000 to prepare a bid on a construction project. If the contract is awarded, the estimated revenue will be

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2. Pio and Sons Incorporated spends P30,000 to prepare a bid on a construction project. If the contract is awarded, the estimated revenue will be P300,000. If the contract is not awarded, the company has a penalty of P40,000. There is 40% chance that the company will be awarded the contract. Find the EV

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