Function of the macro environment

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You have a project that is positive NPV. It is very risky but the expected cash flows even discounted at a high discount rate generate a positive cash flow because the home run scenario is so attractive. You will know in a year whether you have indeed are in that upside state. Your chances of being in the good state as opposed to the bad one is a function of the macro environment and not your business. Explain what your thinking would be regarding undertaking this project or not.

Reference no: EM132484853

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