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9. Below is a table for a project where you obtained quotes based upon the most likely, pessimistic and optimistic numbers. Calculate the Expected value

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9. Below is a table for a project where you obtained quotes based upon the most likely, pessimistic and optimistic numbers. Calculate the Expected value for each Item if the MARR is set to 6%. Item Pessimistic 750 Quotes Most Likely 425 Optimistic 225 25% 40% 35% First Costs, $ Probability (First Costs) Annual Benefits, $ Probability (Annual Benefits) 30 50 80 10% 60% 30%

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