22 (4 points) Prince, Inc., a successful east coast firm, is considering opening a branch office on the west coast in British Columbia. Under normal economic conditions, with a 45% probability of occurring. Prince can expect to earn a net income of $50,000 per year. In a mini recession, at 25% probability, Prince will earn $20,000. In a severe recession, at a 20% probability, Prince will lose $10,000. There is also a slight probability (10%) that Prince will lose $200,000 if the expansion fails and the branch office must be closed. Based strictly on quantitative analysis, should Prince open a branch office in British Columbia? Paragraph V BI 30 Question 23 (4 points) List and explain the "4C's of credit" as discussed by the author of the course text. Paragraph 3 BIUA 2 Previous Page Next Page Page 3 of 5