Question: A project has two possible outcomes. The good outcome returns $6,000 next year and occurs 75% of the time. The bad outcome is total failure,

A project has two possible outcomes. The good outcome returns $6,000 next year and occurs 75% of the time. The bad outcome is total failure, returning $0, the rest of the time. If the risk free interest rate is 3.8%, the expected market return is 16.9%, and the project beta is 1, what is the price of the project today?

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