Consider an updated set of data for the previous problem.

Dam construction cost $830 million (range 750 to 950)

Weather	Net Benefit (millions)	Probability
Dry	$36 (range 30 to 40)	86% (range 80 to 90)
Wet	$58 (range 50 to 80)	12% (range 15 to 9)
Flood	$104 (range 80 to 200)	2% (range 5 to 1)

a. Keeping the discount rate the same, compute the "best case" for the dam when weather and dam construction costs may vary. Find the PV(E(NB)) and make a recommendation. b. Keeping the discount rate the same, compute the "worst case" for the dam when weather and dam construction costs may vary. Find the PV(E(NB)) and make a recommendation. c. Return to the baseline scenario (previous problem) and recompute for 3% and 7% discount rates. Find the PV(E(NB)) and make a recommendation for each.