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Exercise 6-20 For each of the following, determine the expected cash flows. (Round answers to 0 decimal places, e.g. 5,845. Show amounts that decrease cash
Exercise 6-20 For each of the following, determine the expected cash flows. (Round answers to 0 decimal places, e.g. 5,845. Show amounts that decrease cash flow with either a sign e.g. -15,000 or in parenthesis e.g. (15,000).) Probability Cash Flow Expected Cash Flow Estimate Assessment (a) $4,800 20% 6,300 50% 7,500 30% Total Expected Value () $5,400 30% 7,200 50% 8,400 20% Total Expected Value (c) $(1,000) 10% 3,000 80% 5,000 10% Total Expected Value
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