4. a. Perform a scenario analysis. Scenano Analysis Equipment Number of Average Salvage Not Present Scenario Probability Procedures Collection Value Value Worst 0.25 10 800.00 $ 4.000,000 $ (5.352.887) Most Likely 0.50 20 1,000.00 $ 5.000,000 $ 1,200.857 Best 25 1,200 00 $ 6.000 000 $ 7.138 222 Expected Value 20 1,000 00 $ 5.000,000 $ 1.046.762 Standard Deviation $ 4.418.961 Coefficient of Variation 4.0 (Based on values from page 130 of the case study from Jules Bergman, Coral Bay's director of capital budgeting.)