It costs Jamie $60,000 for a report about a potential business venture. It would cost Jamie $100,000 to start up your own bookstore today. Jamie would have to your her job, which pays $50,000 per year, starting one day from today. In the first two years, there's a 50% chance of $20,000 in revenue and a 50% chance of $50,000 in revenue, depending on your market expertise, years one and two. Beginning year 3, it would payb $70,000 each year until you retire 30 yrs later, year 33. If the interest rate today is 7% annually, Should Jamie start her business based on the NPV?

Please show work with formulas so I can follow allow and understand where the numbers came from, thanks