(Answered) A project offers a 30 probability of a payoff after one

Finance

A project offers a 30% probability of a payoff after one year of $2 million and a 70% chance of a payoff of $1 million. What is the maximum you would invest in this project today if the discount rate is 10%?

Select one:

A. $1,430,000.00

B. $1,300,000.00

C. $1,181,818.18

D. $818,181.82

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