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Suppose that CAME is unsure about the estimated probability of 0.7 that the coast guard will use the scrap value to determine the value of

Suppose that CAME is unsure about the estimated probability of 0.7 that the coast guard will use the scrap value to determine the value of the Kuniang. What is the break-even probability that makes CAME indifferent between bidding $7 million and bidding $5 million? ___________ (numeric answer, round to two decimals if necessary

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