GENERAL INSTRUCTIONS: ENTER YOUR ANSWER WITHOUT THE $ SIGN AND COMMA, BUT FORMATTED IN DOLLARS ROUNDED TO THE NEAREST DOLLAR, for instance if you compute $77,342.6478 then ENTER 77343 AS YOUR ANSWER. DO NOT ROUND IN YOUR CALCULATION STEPS (use calculator memory functions) TO AVOID ROUNDING ERRORS. There is a little bit of tolerance built into accepting/rejecting your answer, but if you round in your intermediate calculations you may be too far off.

Cash flows for a proposed project are given in the table below, given the three possible future outcomes. Calculate the Expected Present Worth of the project's cash flows. Assume 10% MARR. (Note: If the present worth turns out to be negative include the negative sign in front of your answer.)

	Probability 10%	Probability 70%	Probability 20%
Year	Cash Flow	Cash Flow	Cash Flow
0	-89,000	-89,000	-89,000
1	7,000	11,000	22,000
2	7,000	15,000	27,000
3	7,000	18,000	27,000
4	2,000	16,000	25,000