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5. A farmer is planning to plant one of two crops in his field in the next year. The cost of planting the first crop

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5. A farmer is planning to plant one of two crops in his field in the next year. The cost of planting the first crop is $3,000 per acre and the revenue depends on the chance outcome of three possibilities: 35% chance of getting $8,200, 40% chance of getting $7,300, 15% chance of getting $1,400, and 10% chance of $0. On the other hand, the cost of planting the second crop is $2,500 per acre and the revenue per acre depends on the chance outcome of another three possibilities: 55% chance of getting $8,000, 10% chance of getting $9,700, 15% chance of getting $900, and a 20% chance of getting $0. A. What are the expected revenues and standard deviations of the two crops? B. Using incremental analysis and an RRR that is 8.4%, what is the NPV and IRR over 10 years? C. What is the risk to return ratio of each crop

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