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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 $5,500 30% Pessimistic $8,400 42% Moderately successful $12,000 28% Optimistic Required What is the expected value of the outcomes

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