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"A manufacturing firm is considering a project which has an economic service life of one year with no salvage value. The initial cost for the project is $2,380. There is a 0.16 probability that the year-end revenue is $2,860. There is a 0.58 probability that the year-end revenue is $3,390. There is a 0.26 probability that the year-end revenue is $4,780. If the firm's MARR is 11%, what is the expected value of the project?"

Financial Management, Finance

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