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Show step by step solution and do not use an accounting tool Consider the following pay-off table for each of the investment under two states

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Show step by step solution and do not use an accounting tool

Consider the following pay-off table for each of the investment under two states of nature. Alternative Business grows Business doesn't grow If the probability that the Business grows is 0.4 , what's the Expected value of perfect information (EVPI)? a. 44 b. 36 c. 57 d. 42

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