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Project 1 has five bidders. Its value is $300,000, but will cost $40,000 to bid. What is its EMV? a) $28,000 b) $260,000 c) $32,000
Project 1 has five bidders. Its value is $300,000, but will cost $40,000 to bid. What is its EMV?
a) $28,000
b) $260,000
c) $32,000
d) insufficient data
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