Net present value of a project is normally distributed

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Reference no: EM13826229

The net present value of a project is normally distributed with an expected value of $1,258,900 and a standard deviation of $960,850. Determine the probability that the project will have a net present value of less than zero.

A. 41.49%

B. 9.51%

C. 37.83%

D. 22.17%

Reference no: EM13826229

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