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9. Mohammed Bayyoud corp. expects to earn $600,000 if the economy is good and only $200,000 if the economy is bad. Mohammed estimates a 65%

9. Mohammed Bayyoud corp. expects to earn $600,000 if the economy is good and only $200,000 if the economy is bad. Mohammed estimates a 65% probability of a good economy and a 35% probability of a bad economy. The NPV of the project with a discount rate of 20%? Can Mohammed accept the project?
a.
NPV - $16,666.67 yes, Mohammed should accept the projects
b.
NPV -$19,181.82, No, Mohammed Should Accept the project
c.
NPV -$19,181.82, Yes, Mohammed Should Accept the project
d.
NPV - $16,666.67 No, Mohammed Should reject the project

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