Question: Below is a table for a project where you obtained quotes based upon the most likely, pessimistic and optimistic numbers. Calculate the Expected value for

 Below is a table for a project where you obtained quotes

Below is a table for a project where you obtained quotes based upon the most likely, pessimistic and optimistic numbers. Calculate the Expected value for each Item if the MARR is set to 6%. Item Most Likely 400 45% Quotes Pessimistic 600 30% Optimistic 200 25% First Costs, $ Probability (First Costs) Annual Benefits, $ Probability (Annual Benefits) 40 30 15% 80 30% 55%

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