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Question 30 (7.5 points) Your firm is trying to forecast its net income for 2020, but it is uncertain about the potential risks. The firm
Question 30 (7.5 points) Your firm is trying to forecast its net income for 2020, but it is uncertain about the potential risks. The firm does know the following probabilities of potential net incomes, though. What is the firm's expected net income based on the information below? (Please submit your answer using correct labeling, punctuation, etc. For example, for dollar answers, you should enter $5,234,000.00 this way using two decimals.) Probability State of the Firm Booming Performance Average Performance Below Average Performance Poor Performance 24% 19% 30% Predicted Net Income $1,000,000 $800,000 -$150,000 -$300,000
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