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What is the maximum express would be willing

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Question - Express Co. is developing a silver mine at a cost of P5 million. There is a 20% probability that silver worth P15 million can be sold. There is a 20% probability that the silver will only be worth P500,000. What is the maximum Express would be willing to spend to develop the mine?

A. P10,000,000

B. P 5,000,000

C. P3,100,000

D. P0

Reference no: EM132576241

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