Q:Question:cash. The management of the firm is planning to undertake a new project. Therefore, management scheduled a meeting, in which 3 possible mutually exclusive projects for which initial investment and cash flows given below will be discussed. For simplicity, management assumes that there is no discounting and good and bad state has the same probability to occur. Project1: Investment =$$ 3 0mil, Cash Flow Good State =$ 35 mil, Cash Flow Bad StateA:Answer:See a step by step answer