Financial Management ACCA. Can I ask for a detailed calculation on this question? It is very confusing.

122 year of Joint Probabintres Conditional probabilities. 7 An investment project has a cost of $12,000, payable at the start of the first operation. The possible future cash flows arising from the investment project have the following present values and associated probabilities: 6/15 PV of Year 1 cash flow Probability PV of Year 2 cash flow Probability $ $ 16,000 0.15 20,000 0.75 12,000 0.60 (2,000) 0.25 (4,000) EV 0.25 What is the expected value of the net present value of the investment project (to the nearest $100)? S (2 marks) 3.6mins