(Calculating the expected NPV of a project) Management at the Physicians' Bone and Joint (PB\&.J) Clinic is considering whether to purchase a newly developed MRI machine that the manufacturer tells them will provide the basis for better diagnoses of foot and knee problems. The new machine is quite expensive but should last for a number of years. The clinic's CFO asked an analyst to work up estimates of the NPV of the investment under three different assumptions about the level of demand for its use (high, medium, and low). the low-demand state. After forecasting the demand for the machine based on the CFO's jud state, a 33 percent probability to the high-demand state, and the remaining 14 percent to NPV estimates: Data Table a. What is the expech.rm. ro he MRI machine based on the above estimates? How would you interpret the meaning of the expected NPV? Does this look like a good investment to you? b. Assuming that the probability of the medium-demand state remains 53 percent, calculate the maximum probability you can assign to the low-demand state and still have an expected NPV of 0 or higher. (Hint. The sum of the probabilities assigned to all three states must be 100 percent.) a. The expected NPV for the MRI machine is ? (Round to the nearest dollar.) C asked an analyst to work up estimates of diagnoses of foot and knee problems. The Clinic is considering whether to purchase a newly de NPV estimates: NPV estimates a. What is the e Data table to you? b. Assuming th expected NPV a. The expected of the expected NPV? Does this loc can assign to the low-demand stat (Click on the icon in order to copy its contents into a spreadsheet.)