Question 1 1 pts You estimate that if your restaurant chain opens a new location, there is a 50% chance that NPV is $10 million, a 30% chance that NPV is $4 million, and a 20% chance that NPV is - $4 million. The expected value of NPV is $10 million. $5.4 million. $7 million. $3.3 million. Question 2 1 pts XYZ Software can develop either a simple or a complex product. The simple product has projected revenue of $1 million, costs of $200,000 and a launch rate of 60%. The complex product has projected revenue of $3 million, costs of $800,000 and a launch rate of 30%. Products that aren't launched (i.e. 40% of simple and 70% of complex) incur full costs but capture no revenue. Based on this information, XYZ should develop neither product, since their expected profits are both negative. either product, because their expected profits are equal. the simple product, which has an expected profit of $400,000 vs. $100,000 for the complex product. the complex product, which has an expected profit of $660,000 vs. $480,000 for the simple product. Question 3 1 pts You are considering an investment project that has an NPV of $80 million if it succeeds but -$20 million if it fails. You should make the investment only if the minimum probability of success is at least 0.6. 0.2. 0.4. 0.8