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The cash flows associated with a project can be represented by the following decision tree (conditional probabilities are in parentheses): Year o Year 1 Year

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The cash flows associated with a project can be represented by the following decision tree (conditional probabilities are in parentheses): Year o Year 1 Year 2 Year 3 $200 (5) -$300 (5) $400 (5) $400 (4) $400 (5) $600 (5) $500 (5) $800 $400 (5) $500 (6) $300 (5) $500 (5) $500 (5) $700 (5) $600 (5) Given this data, determine the expected NPV for this project if the appropriate cost of capitalis 12.36 percent $233.93 $298.04 $255.30 $212.56 $276.67

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