Question: [ Conceptual ] You are evaluating a project. The project requires an initial investment of $ 1 million. You believe there are two possible scenarios

[Conceptual] You are evaluating a project. The project requires an initial investment of $1 million. You believe there are two possible scenarios that could occur, and you have estimated the cash flows in each scenario. They are as follows:
Scenario A: The project will generate cash flows with a present value of $1.5 million.
Scenario B: It will generate no noticeable future cash flows (so, a present value of $0).
Note that the values in each scenario do not include the original investment. Thus, you found that the breakeven probabilities were approximately 67% for Scenario A and 33% for Scenario B. For which set of probabilities would you expect the project to have a positive NPV?
 [Conceptual] You are evaluating a project. The project requires an initial

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