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Pioneer Inc. wants to invest $743,358 today. The expected returns in years 1, 2, and 3 are $208,916, $175,008, and $292,425, respectively. If the rate

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Pioneer Inc. wants to invest $743,358 today. The expected returns in years 1, 2, and 3 are $208,916, $175,008, and $292,425, respectively. If the rate of return on investment must be at least 9%, and the probability of commercial and technical success are 0.80 and 0.91, respectively. What is the maximum expenditure justified that Pioneer may spend? In the previous question, based on the maximum expenditure justified, should Pioneer Inc. invest in the project? O Yes

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