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Suppose a manufacturing plant is considering three options for expansion. The first one is to expand into a new plant (large), the second to add on third-shift to the daily schedule (medium), and the third to do nothing (small). There are three possibilities for demand. These are high, medium, and low with each having an equal likelihood of occurring. Suppose that the profits for the expansion plans are as follows (respective to high, medium, low demand). The large expansion profits are $100000, $10000, -$10000, the medium expansion choice $40000, $40000, $5000 and the small expansion choice $15000, $15000, $15000. Calculate the EMV of each choice. Which of the expansion plans should the manager choose?
Wrongful Death Suit
A legal action brought against someone who is alleged to have caused a death through negligence or intentional harm.
Discount Rate
The interest rate used to determine the present value of future cash flows, influencing how investments are valued.
Callable Bonds
Bonds that can be redeemed or "called" by the issuer before their maturity date, usually at a premium to the face value.
Coupon Payments
Periodic interest payments made to bondholders, typically expressed as a fixed percentage of the bond's face value.
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