Real Estate NPV High Medium Low $ $ $ 4,500,000 2,750,000 75,000 Probability 0.50 0.35 0.15 Cupcakes and so forth NPV High Medium Low $ $ $ 4,250,000 3,000,000 225,000 Probability 0.55 0.35 0.10 High Medium Low Just Hats NPV $ $ $ 5,000,000 3,250,000 425,000 Probability 0.55 0.30 0.15