Question: You are considering a $ 5 0 0 , 0 0 0 investment in the fast - food industry and have narrowed your choice to

You are considering a $500,000 investment in the fast-food industry and have narrowed your choice to either a McDonalds or a Penn Station East Coast Subs franchise. McDonalds indicates that, based on the location where you are proposing to open a new restaurant, there is a 25 percent probability that aggregate 10-year profits

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