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Assume that the cash flows associated with a project can be represented by the following decision tree ( conditional probabilities are in parentheses ) :

Assume that the cash flows associated with a project can be represented by the following decision tree (conditional probabilities are in parentheses):
As you can calculate, the IRR for this project is 27.76%. What is the expected net present value (NPV) for the project? Use a discount rate of 9%.
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