Question: Any help would be appreciated. Thank you! Using the principle of backward induction, please select the optimal project among project 1, project 2, and the

Any help would be appreciated. Thank you!

Any help would be appreciated. Thank you! Using
Using the principle of backward induction, please select the optimal project among project 1, project 2, and the RiskFree project. Redraw the decision tree in a separate piece of paper and annotate the expected values at each node, cross out suboptimal branches, and annotate the NPV of Project 1, 2, and RiskFree. Ignore discounting_(discount rate r = 0). Attach your solution to this question expand Payoff = $200 a contract Payoff = $120 60% -\"__--/ Project 1 cost = $120 Payoff = $80 Risk-free project cost = $100 Payoff = $120

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