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A firm has an 8% chance of a potential loss of $50m next year? But the Company could implement safety processes at $250,000 which would

A firm has an 8% chance of a potential loss of $50m next year? But the Company could implement safety processes at $250,000 which would reduce the probability of loss to 3% next year. What is the NPV of implementing the new safe- the discount rate is 5%.

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