Question: A project has three phases concept, development, and launch that are expected to cost R 5 million, R 1 5 million, and R 4 million

A project has three phases concept, development, and launch that are expected to cost R5 million, R15 million, and R4 million respectively. The likelihood of success for the three phases are 0.5,0.8, and 0.7, respectively. If the estimated NPV of future earnings is R90 million

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