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You can invest $100,000 into either project A or B. You estimate that A would succeed with a probability of 0.7 in which case it
You can invest $100,000 into either project A or B. You estimate that A would succeed with a probability of 0.7 in which case it doubles in value. If it fails, its scrap value is $50,000. Project B would succeed with probability 0.6, in which case it would have a value of $150,000. If it fails, project B's scrap value is $30,000. Which project should you invest in?
Group of answer choices
Project A
Project B
Neither of the projects
You cannot tell from the information presented
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