You have a project that costs 800000 it has a 13 chance of


You have a project that costs $800,000. It has a 1/3 chance of paying off $3,000,000 and a 2/3 chance of paying off $0. What is the expected profit from the new project?

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Finance Basics: You have a project that costs 800000 it has a 13 chance of
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