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Durrance Company assigned the following likelihoods to the possible annual net cash flows of a proposed investment: Annual Net Cash Flow $700,000 Probability of Occurring

Durrance Company assigned the following likelihoods to the possible annual net cash flows of a proposed investment: Annual Net Cash Flow $700,000 Probability of Occurring 600,000, .500,000 0.60 0.25 0.15 Using expected value analysis, what is the expected value of the annual net cash flow? a. $700,000 O b. $600,000 Oc. $645,000 Od. $420,000

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