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Queston 1 (10 marks) Firm X is considering a project and its analysts have projected the following outcomes and their probabilities. OUTCOME PROBABILITY OF OUTCOME

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Queston 1 (10 marks) Firm X is considering a project and its analysts have projected the following outcomes and their probabilities. OUTCOME PROBABILITY OF OUTCOME ASSUMPTION $5,600 23% Pessimistic $7,200 53% Moderately successful $12,900 24% Optimistic Required What is the expected value of the outcomes

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