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A decision tree shows a 58.2% probability of $10.6 million in profits and a 41.8% chance of $6.0 million in losses. What is the maximum
A decision tree shows a 58.2% probability of $10.6 million in profits and a 41.8% chance of $6.0 million in losses. What is the maximum you would invest today in this project if the cash flows occur in 4 years from now and the discount rate is 5.8%? (in $ million) a. $3.66 million b. $2.92 million c. $4.15 million d. $5.04 million e. $4.35 million
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