Candy Store
A payoff table for a Candy store is shown below. 
The following prior probabilities are assigned to the states of nature: P(s1)= 0.2,P(s2)= 0.6,and P(s3)= 0.2.
-{Candy Store Narrative} What is the expected value of perfect information?
Definitions:
Capital Projects
Large, long-term investments undertaken to create, expand, or replace a company's physical assets.
Cash Payback Period
The duration it takes for the earnings from an investment to cover the initial amount invested.
Annual Net Cash Flows
The total amount of money, including inflows minus outflows, that a business generates over one year.
Expected Total Cash Flows
The projection of all the cash that is anticipated to be received or paid out over a certain period of time in the future.
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