A B C initial cost$10,000,000.00discount0.07 initial cost$20,000,000.00discount0.07 initial cost$50,000,000.00discount0.07YearsBestAverageWorst YearsBestAverageWorst YearsBestAverageWorst 25%50%25% 25%70%5% 25%50%25% 1 1 1 2 2 2 3 3 3 4 4 4 5 5 5 6 6 6 7 7 7 8 8 8 9 9 9 10 10 10 11 11 11 12 12 12 13 13 13 14 14 14 15 15 15 16 16 16 17 17 17 18 18 18 19 19 19 20 20 20 NPV NPV 21 22 exp NPV exp NPV 23 24 Variance Variance 25 StDev StDev NPV CV CV exp NPV Variance StDev CV

A horticulture firm is investigating the profitability of 3 separate projects. They can only select one due to the high costs of going with the projects. The discount rate is 7% (or 0.07) for all projects. Project A involves breeding a new line of cold-hardy fruit trees to appeal to the Upper Plains. Project B involves breeding a new line of drought-resistant fruit trees to appeal to the Western United States, particularly California. Project C involves inventing a brand-new fruit that will taste tropical but be able to be grown in (most parts of) the United States. A horticulture firm is investigating the profitability of 3 separate projects. They can only select one due to the high costs of going with the projects. The discount rate is 7% (or 0.07) for all projects. Project A involves breeding a new line of cold-hardy fruit trees to appeal to the Upper Plains. Project B involves breeding a new line of drought-resistant fruit trees to appeal to the Western United States, particularly Californ