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A large international beverage conglomerate is considering purchasing a small micro-brewery located in Virginia that has become popular with tourists. An analysis of the operation
A large international beverage conglomerate is considering purchasing a small micro-brewery located in Virginia that has become popular with tourists. An analysis of the operation has determined three likely outcomes for this acquisition. Based on the information below, what is the expected return? Outcome Probability Return 1 .25 .20 2 .40 .30 3 .35 .05
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