Question: A project has two possible outcomes. The good outcome returns $ 1 0 , 0 0 0 next year and occurs 9 5 % of

A project has two possible outcomes. The good outcome returns $10,000 next year and occurs 95% of the time. The bad outcome is total failure, returning $0, the rest of the time. If the risk free interest rate is 4.3%, the expected market return is 13%, and the project beta is 1.7, what is the price of the project today? Round to 4 decimal places.

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