Table 12.1
A corporation is assessing the risk of two capital budgeting proposals. The financial analysts have developed pessimistic, most likely, and optimistic estimates of the annual cash inflows which are given in the following table. The firm's cost of capital is 10 percent. 
-The expected net present value of project A if the outcomes are equally probable and the project has five-year life is ________. (See Table 12.1)
Definitions:
Desert Plants
Plants adapted to arid environments with strategies to conserve water, such as deep roots and reduced leaf surface area.
Conserve Water
The practice of using water efficiently to reduce unnecessary water consumption.
Lose Heat
The process by which an object or organism transfers heat to its surroundings, leading to a decrease in its own temperature.
Cattle Grazing
The practice of allowing livestock, specifically cattle, to feed on grass in open fields or pastures.
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