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A manufacturing firm is considering a project which has an economic service life of one year with no salvage value. The initial cost for the

"A manufacturing firm is considering a project which has an economic service life of one year with no salvage value. The initial cost for the project is $1,020. There is a 0.16 probability that the year-end revenue is $2,660. There is a 0.58 probability that the year-end revenue is $3,960. There is a 0.26 probability that the year-end revenue is $4,330. If the firm's MARR is 18%, what is the expected value of the project?"

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