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A new business opportunity has a 70% chance of being worth $500,000 next year and a 30% chance of being worth $100,000. The appropriate expected

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A new business opportunity has a 70% chance of being worth $500,000 next year and a 30% chance of being worth $100,000. The appropriate expected rate of return is 10%. Refer to the information above. The new opportunity will be financed with a $150,000 bank loan. What is the expected future payoff for the levered equity holder? Round your answer to the nearest dollar. $215,000 $245,000 O $195,455 O $222.727

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