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Good Time Co. is a regional chain department store. It will remain in business for one more year. The estimated probability of a boom next
Good Time Co. is a regional chain department store. It will remain in business for one more year. The estimated probability of a boom next year is .60 and the estimated probability of a recession is .40. It is projected that Good Time will have a total cash flow of $250 million in a boom year and $100 million in a recession. Good Time
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