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Johnson Ltd determined that the net present value of an investment in technological improvements at its plant in France would be €10,000,000 if pending litigation was resolved in the company's favor and would be €2,000,000 if the courts ruled against the company. Johnson's attorneys in France assessed the probability of a favorable ruling at 70%. What is the expected net present value of the project?
Enlightenment
A philosophical movement of the 18th century, emphasizing reason, individualism, and skepticism towards traditional doctrines.
1650-1789
A historical period marked by significant developments, including the Enlightenment, the rise of modern science, and early industrialization in Europe.
1960s
A decade marked by significant social, political, and cultural changes worldwide, including civil rights movements, counterculture, and technological advancements.
Tabula Rasa
A philosophical concept suggesting that individuals are born without built-in mental content, and all knowledge comes from experience and perception.
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