TRUCTo 29. A project h 0 to 2, The risk-free discount rate is 4%. The cash flow at time as the following pattern of imperfectly correlated cash flows from time periods ilities, and at time period 0 30 period 0 has 100% probability The cash flows at time period 1 have the initial probalbinee 2 the conditional probabilities. Initial Conditional CFo CF Probabilities CF2 Probabilities $1,000 60 $750 40 $1,250 .40 $500 $1,250 .60 16 17 $1,500 .60 $1,500 40 This project's Expected Value of Net Present Value (EVNPV) is: (Circle your answer 2.5 points) a. less than $1,000 b. between $1,000 and $1,500 c. between $1,500 and $2,000 d. $1,737.43