(a) A project starts with an initial capital outflow of RM450,000 in exchange for the following likely cash flows: State of Economy Recession Normal Boom End of Year 1 End of Year 2 Probability (RM) (RM) 18% 150,000 250,000 60% 350,000 450,000 22% 550,000 100,000 Assume that the economy will be in the same condition in the second year as it was in the first. The discounted rate of return is 15 percent. There is no taxation or inflation. i) Calculate the expected Net Present Value (NPV). (6 marks)