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Please answer this within 1 hour. Thanks A manufacturing firm is considering a project which has an economic service life of one year with no
Please answer this within 1 hour.
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"A manufacturing firm is considering a project which has an economic service life of one year with no salvage value. The initial cost for the project is $2,390. There is a 0.23 probability that the year-end revenue is $2,430. There is a 0.53 probability that the year-end revenue is $3,760. There is a 0.24 probability that the year-end revenue is $4,310. If the firm's MARR is 11%, what is the expected value of the project?"
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