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What is the expected value of the project

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A manufacturing firm is considering a project which has an economic service life of one year with no salvage value. The initial cost for the project is $1,940. There is a 0.15 probability that the year-end revenue is $2,300. There is a 0.62 probability that the year-end revenue is $3,710. There is a 0.23 probability that the year-end revenue is $4,530. If the firm's MARR is 18%, what is the expected value of the project?

Reference no: EM131970193

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