Question: A simulation model has been constructed by the Great Basin Corporation to evaluate the largest of its new investment proposals. After many iterations of the

 A simulation model has been constructed by the Great Basin Corporation

A simulation model has been constructed by the Great Basin Corporation to evaluate the largest of its new investment proposals. After many iterations of the model, Great Basin's management has arrived at an expected net present value for Project A of $1.3 million. The standard deviation of the net present value has been estimated from the simulation model results to be $0.6 million. Use the Table V to answer the following questions. Round z value in intermediate calculation to two decimal places. Round your answers to two decimal places. a. What is the probability that the project will have a negative net present value? % b. What is the probability that the project will have a net present value greater than $2.1 million? %

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