You are the CFO of a large nonprofit urban hospital. The hospital board asks you to...

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You are the CFO of a large nonprofit urban hospital. The hospital board asks you to consider an expansion into a new hospital wing. The expansion cost is $2.1 million. If the economy improves substantially (20% probability) the (projected) revenues with expansion will be $6.0 million. If the economy turns worse (30% probability) the revenues will be $2.0 million. With the economy remaining roughly the same (50% probability), the revenues will be 4.2 million. Without expansion, the corresponding revenues will be $3.0 million, $1.2 million, and 1.9 million. calculate the NPV of the expansion. Should you undertake this project? briefly explain why. You are the CFO of a large nonprofit urban hospital. The hospital board asks you to consider an expansion into a new hospital wing. The expansion cost is $2.1 million. If the economy improves substantially (20% probability) the (projected) revenues with expansion will be $6.0 million. If the economy turns worse (30% probability) the revenues will be $2.0 million. With the economy remaining roughly the same (50% probability), the revenues will be 4.2 million. Without expansion, the corresponding revenues will be $3.0 million, $1.2 million, and 1.9 million. calculate the NPV of the expansion. Should you undertake this project? briefly explain why.