Question: nneed asap please! A project's expected return is 23%, which represents a 35% return in a boom, a 13% return in a normal, and a

nneed asap please! A project's expected return is 23%, which represents anneed asap please!

A project's expected return is 23%, which represents a 35% return in a boom, a 13% return in a normal, and a 5% return in a stagnant economy. What is the probability of a boom if these are the only three economic states and the probability of a stagnant economy is 24%? Multiple Choice 43.35% 32.51% 65.02% 54.18%

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