Question: Project 1 has five bidders. Its value is $300,000, but will cost $40,000 to bid. What is its EMV? a) $28,000 b) $260,000 c) $32,000

Project 1 has five bidders. Its value is $300,000, but will cost $40,000 to bid. What is its EMV?

a) $28,000

b) $260,000

c) $32,000

d) insufficient data

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