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New England Seafood estimates that there is an 80 percent chance that Stage 1 will meet all expectations and, consequently, that Stage 2 will be
New England Seafood estimates that there is an 80 percent chance that Stage 1 will meet all expectations and, consequently, that Stage 2 will be undertaken. What is the expected NPV of New England Seafood's catfish project? Using Figure 1 as a guide, construct a decision tree to help in the analysis
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