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Economists at PHE LLC estimate a 20% probability of a recession next year, a 50% probability of an average economy, and a 30% probability of

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Economists at PHE LLC estimate a 20% probability of a recession next year, a 50% probability of an average economy, and a 30% probability of a rapid expansion. I there is a recession, the NPV of project will be $20 million if the economy is average, it will be 545 million and in case of a rapid expansion, it will be 575 million What is the expected NPV of the project? 545 million $46.67 million $49 million $57.5 million

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