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Initial outlay is $1m; success would yield $8m in the 5th year with a probability of 25% (failure would yield $0 with the probability
Initial outlay is $1m; success would yield $8m in the 5th year with a probability of 25% (failure would yield $0 with the probability of 75%); the discount rate is 10%. What is the NPV?
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Corporate Financial Management
Authors: Glen Arnold
5th edition
978-1292178066, 129217806X, 273758837, 978-0273758839
