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Shoo industries is considering a proposed project for its capital budget. The company estimates the project's NPV is $12 million. This estimate assumes that the

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Shoo industries is considering a proposed project for its capital budget. The company estimates the project's NPV is $12 million. This estimate assumes that the economy and market condeions wit be average over the next few years. The company's CFO, however, farecasts there is only a sols chance that the econorry will be ankrage. Recognizing this uncertainty, she has allo performed the following. scenario andyais: entered as 1.24, not 1,240,000. Oo not roved intermediate calculations. Round yeur antwers te two decimal poces

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