The expected value of the $6M facility is the same from 40% to 70% probability of Z regulatory success because s Question 18 options: The $6M facility must not include potential cash flows from Z This analysis technique manipulates just one choice at a time The $8M facility is preferred over the relevant range (40% through 70%) The $6M facility's EV is likely lower than the $8M facility's EV for values of Z regulatory success lower than the breakeven point