Question: A proposed factory expansion project has an expected net present value of $100,000 with a standard deviation of $280,000. What is the probability that the

A proposed factory expansion project has an expected net present value of $100,000 with a standard deviation of $280,000. What is the probability

A proposed factory expansion project has an expected net present value of $100,000 with a standard deviation of $280,000. What is the probability that the project will have a negative net present value, assuming that net present value is normally distributed? Use Table V to answer the question. Round z value in intermediate calculation to two decimal places. Round your answer to two decimal places. % TABLE V Normal Distribution (Area of the Normal Distribution That is to the Right of +z or the Left of - Standard Deviations from the Mean) Probability Probability an Mean Mean +z .08 .4681 .4286 .02 .4920 .4522 4129 3745 3372 3015 2676 2358 2061 .1788 .07 .4721 .4325 3936 3557 3192 2843 2514 2206 .1922 .1660 .1423 .1539 .1210 ,00 0.0 5000 .1 4602 2 4207 3 .3821 .4 3446 5 3085 2743 7 .2420 8 2119 .9 .1841 1.0 .1587 1.1 .1357 1.2 .1151 1.3 ,0968 1.4 20808 1.5 0668 1.6 .0548 1.7 .0446 1.8 ,0359 1.9 0287 2.0 0228 2.1 0179 2.2 0139 2.3 0107 2.4 .0082 2.5 ,0062 26 .0047 2.7 .0035 2.8 .0026 2.9 0019 3.0 0013 3.05 .0011 3.10 .0010 3.25 .0006 3.50 ,00023 4.00 100003 5.00 .0000003 *Absolute values of z .01 .4960 4562 4168 3783 3409 3050 2709 2389 2090 .1814 .1562 .1335 .1131 .0951 .0793 .0655 0537 .0436 .0351 .0281 0222 0174 .0136 .0104 .0080 0060 0045 .0034 .0025 .0018 .1314 .1112 .0934 0778 0643 0526 0427 0344 0274 0217 0170 0132 0102 .0078 .0059 0044 0033 .0024 .0018 .03 4880 4483 4090 3707 3336 .2981 2643 2327 2033 .1762 .1515 .1292 .1093 .0918 .0764 .0630 .0516 .0418 .0336 .0268 .0212 .0166 .0129 .0099 .0075 .0057 .0043 .0032 .0023 .0017 .04 4840 4443 .4052 3669 3300 .2946 2611 2296 .2005 .1736 .1492 .1271 .1075 .0901 .0749 .0618 .0505 .0409 .0329 .0262 .0207 .0162 .0125 .0096 .0073 .0055 ,0041 .0031 0023 0016 OS 4801 .4404 .4013 3632 3264 2912 2578 2266 .1977 .1711 .1469 .1251 .1056 .0885 0735 0606 0495 .0401 0322 .0256 .0202 .0158 .0122 .0094 .0071 .0054 .0040 .0030 .0022 .0016 .06 4761 .4364 3974 3594 3228 2877 2546 2236 .1949 .1685 .1446 .1230 .1038 .0869 .0721 .0594 .0485 .0392 .0314 .0250 .0197 .0154 .0119 .0091 .0069 .0052 .0039 .0029 .0021 .0015 .1020 ,0853 0708 ,0582 .0475 .0384 0307 0244 0192 0150 0116 .0089 ,0068 0051 0038 .0028 .0021 .0015 3897 3520 3156 2810 .2483 2177 .1894 .1635 .1401 1190 .1003 .0838 .0694 .0571 .0465 .0375 .0301 .0239 .0188 .0146 .0113 .0087 .0066 .0049 .0037 .0027 0020 .0014 .09 4641 .4247 3859 3483 3121 2776 2451 2148 .1867 1611 .1379 .1170 0985 .0823 ,0681 .0559 .0455 .0367 0294 0233 0183 0143 .0110 .0084 ,0064 .0048 0036 .0026 .0019 .0014

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