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59. Firm X is considering a project and its analysts have projected the following outcomes and their probabilities. OUTCOME PROBABILITY OF OUTCOME ASSUMPTIONS $5,250 25%

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59. Firm X is considering a project and its analysts have projected the following outcomes and their probabilities. OUTCOME PROBABILITY OF OUTCOME ASSUMPTIONS $5,250 25% pessimistic $7,800 45% moderately successful $13,500 30% optimistic What is the expected value of the outcomes? A. $3,123 B. $8,460 g $8,873 D. cannot be determined/depends upon which prediction is correct

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