Question: A company is evaluating a new project. The project's NPV (in millions) under various economic scenarios and those scenario probabilities are shown below. Case Probability

A company is evaluating a new project.
The project's NPV (in millions) under various economic scenarios and those scenario probabilities are shown below.

Case Probability NPV
Worse 0.20 ($43.10)
Base (likely) 0.50 $10.40
Best 0.30 $63.90

How much is the "Expected NPV" (net present value) of this project (in millions)?

Enter your answer in the following format: + or - 123.45;

Hint: Answer is between 14.33 and 17.48

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