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Chattanooga Farms is thinking of expanding into a new product line. Corporate staff have provided data on four possible choices under three economic scenarios. Show

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Chattanooga Farms is thinking of expanding into a new product line. Corporate staff have provided data on four possible choices under three economic scenarios. Show all of your calculations. Alternative Stable Growth Declining Jams 12 15 5 Vegan meals 10 25 -3 Wine 9 12 7 Flowers 15 20 2 Probabilities 0.5 0.4 0.1 Payoffs are in terms of NPV. All numbers are in millions, a=0.8 Question 1 10 pts Maximin Show your calculations for the maximin result for each alternative (row). Select the row that meets the maximin criterion

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