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3. You are considering conducting a brownfield expansion of an existing mining project. You believe there is a 10% chance the project will find a
3. You are considering conducting a brownfield expansion of an existing mining project. You believe there is a 10% chance the project will find a much larger continuation of the existing deposit and provide a return of $20MM to the company, a 30% chance the project will find a modest continuation to the known orebody and return $10MM to the company and a 40% chance that the project will find a small continuation and only return $5MM to the company. There is also the possibility that the project will find no continuation and return a loss of $10MM to the company. A) Draw the cumulative distribution function for the value of the project. B) Calculate the expected value of the project. C) Calculate the P10, P50 and P90 values of the project
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