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

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D 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 Vegan meals 10 25 -3 Wine 9 12 7 Flowers 15 20 N Probabilities 0.5 0.4 0.1 Payoffs are in terms of NPV. All numbers are in millions. c = 0.8 Question 3 10 pts Maximax Show your calculations for the maximax result for each alternative. Select the row that meets the maximax criterion. Edit Insert Format Tools Table 12pt Paragraph B I U A 2 > TA O words

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