Question: 13. 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

13. 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%

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!