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Economists at Rudy Investments estimate a 20% probability of a recession next year, a 50% probability of an average economy, and a 30% probability of a rapid expansion.If there is a recession, the NPV of project O will be $20 million; if the economy is average, it will be $45 million and in case of a rapid expansion, it will be $75 million.What is the expected NPV of the project?
Foliation
The repetitive layering in metamorphic rocks caused by the reorientation of minerals under directed pressure.
Deposits
Sediments, minerals, or organic matter that have accumulated through geological processes in a particular location.
Granite
Granite is a coarse-grained igneous rock composed mainly of quartz, feldspar, and mica, known for its durability and widespread use in construction and monuments.
Granite
A common type of intrusive, igneous rock with a granular texture, composed mainly of quartz, feldspar, and mica, often used in construction.
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