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XYZ, Inc. is considering a capital budgeting project under three scenarios. If conditions are excellent, the NPV of the project is projected to be $3,000;

XYZ, Inc. is considering a capital budgeting project under three scenarios. If conditions are excellent, the NPV of the project is projected to be $3,000; under fair conditions, the NPV is projected at $950; and under unfavorable conditions, the NPV is projected at ($600). The probabilities of these three conditions are 30%, 50% and 20%, respectively. Calculate the expected NPV of this project

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