Question 14 Not yet answered Points out of 3.75 P Flag question (NOTE: ENTER YOUR ANSWER WITHOUT THE $ AND COMMA, ROUNDED TO THE NEAREST DOLLAR, for instance as 10023, not as $10,022.78) DO NOT ROUND IN YOUR CALCULATION STEPS (USE CALCULATOR MEMORY FUNCTIONS) Supersmart Consulting PPL is evaluating a client's proposed project. The project's initial investment is $49,000, and the project is expected to last for 2 years. Two scenarios were identified for each year of the project, an optimistic one and a pessimistic one. The probability that the project will go well in year 1 is 68%. If this is the case the project will bring $40,000 in year 1, and there would then be a 75% probability it will bring $60,000 in year 2, and a 25% probability it will bring $20,000 in year 2. The probability that the project will go poorly in year 1 is 32%. If this is the case the project will bring $8,000 in year 1, and there would then be a 20% probability it will bring $48,000 in year 2, and a 80% probability it will bring $18,000 in year 2. Assuming 10% cost of capital, compute the expected net present worth of the project