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SouthernWinds, Inc. is evaluating a project that costs $700,000. It has a 45% chance of a $1,000,000 payoff and a 55% chance of a $200,000

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SouthernWinds, Inc. is evaluating a project that costs $700,000. It has a 45% chance of a $1,000,000 payoff and a 55% chance of a $200,000 payoff. Which of the following statements below is true? The company should accept the project because the payoff is $600,000 and the expected profit is $100,000. The company should not accept the project because the payoff is $600,000 and it has an expected loss of $100,000. The company should accept the project because the payoff equals $560,000 and it has an expected profit of $140,000. The company should not accept the project because the payoff equals $560,000 and it has an expected loss of $140,000

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