Question: Project management- EMV Assignment The table below contains information of 4 projects. Draw a decision tree and calculate the EMV for each project. Write a
Project management- EMV Assignment The table below contains information of 4 projects. Draw a decision tree and calculate the EMV for each project. Write a few sentences explaining what each result means and which projects should go forward. Note the negative values are the result of non-recoverable capital costs. Estimated Profits $120,000 % Chance of Outcome 50 50 30 40 30 70 30 30 30 20 20 Project %50,000 100000 $50,000 -$60,000 $20,000 $5,000 $40,000 30,000 $20,000 4 $50,000 Submit your work in paper format at the next class meeting. Points will be awarded as follows Tree diagram (2 points) EMV calculation ( 2 points) Explanation/decision (1 point)
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