You can acquire an existing business in Doha for $2.9 million. You are uncertain about future

demand. There is a 45 percent chance of high demand, in which case the present value of the

business will be $5.3 million. There is a 25 percent chance of moderate demand, and the

associated present value is $1.1 million. Finally, there is a 30 percent chance of low demand,

in which case the present value is $2.1 million. Your contribution as an entrepreneur has been

100%. Using the decision tree the projected net present value of the project is