Question: Need HELP ASAP! You are asked to choose between two projects, A or B based on the highest gain (or the lowest loss). A will

Need HELP ASAP!

You are asked to choose between two projects, A or B based on the highest gain (or the lowest loss).

A will cost $650,000 and B will cost $480,000.

There is a 56% chance that project A will be successful, which will result in a gain of $1,700,000. If project A fails, there will be a loss of $1,100,000.

There is a 67% project B will be successful, and that will result in a $980,000 gain. If Project B fails there will be a loss of $710,000.

Based on this information, what is the value of the best alternative?

Based on above information;

- Prepare a detailed decision tree with all calculations. Ensure you indicate the option you will opt in this case scenario.

Need HELP ASAP! You are asked to choose between

You are asked to choose between two projects, A or B based on the highest gain (or the lowest loss). A will cost $650,000 and B will cost $480,000. There is a 56% chance that project A will be successful, which will result in a gain of $1,700,000. If project A fails, there will be a loss of $1,100,000. There is a 67% project B will be successful, and that will result in a $980,000 gain. If Project B fails there will be a loss of $710,000. Based on this information, what is the value of the best alternative

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