Please complete the table of net present values below:

Competitor Weak Normal Strong

Response Economy Economy Economy

Yes -$284,325 -$181,155 -$55,733

No -$235,775 -$63,824 $142,516

Assume that the investment committee determined the probabilities below:

Probability the competitor will response 30%, will not respond 70%

Probability of each economic state over the six-year horizon Weak 5%., Normal 80% and Strong 15%

Please complete the table of joint probabilities (by multiplying the economy probability by the competitor response probability) below and then calculate the expected net present value.

Competitor Weak Normal Strong

Response Economy Economy Economy

Yes _______% ______% _______%

No _______% ______% _______%

The expected net present value is ____________%.