step by step please show me how he got E>_ $70,000

subtracted to determine caming subtncted to determine caming (600,000-300.000) (1-03)*(0.5) - S02 600,000 150,000-E 0.8 (ICH) (1-309)x(0.5). quiry capital cash flow if success PM tax rate prob. of me cash flow Success quity if success NPV to borrower from truthfullylylentifying himsel as borrower H by choosing toun ) intended for NPP to borrower H from misrepresenting himsel as horrower by choosing toan (intended for Solving the above condition, we get E 2 $70,000. 20