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You are given the following decision tree representing the cash flows for a project (conditional probabilities are in parentheses): The risk-adjusted discount rate (WACC) for

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You are given the following decision tree representing the cash flows for a project (conditional probabilities are in parentheses): The risk-adjusted discount rate (WACC) for this project is 16 percent. Now, assume that the firm has the option to abandon this project at Year 1 (after observing the cash flow in Year 1) and receive $1,000 of abandonment value at Year 1. Using a discounted cash flow (DCF) approach, determine the net present value of this project when abandonment is considered. Answer in dollars and cents, truncated to the nearest cent, with no punctuation. For example, if your answer is \$1,998.677, enter "1998.67

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