Question: Your organization must choose between the following two projects based on their EMV [Estimated Monetary Value). Fill in the statements below. a. Project c is

Your organization must choose between the following two projects based on their EMV [Estimated Monetary Value). Fill in the statements below. a. Project c is the best one to choose based on EMV. b. Project c has a lower EMV score. even though it has a higher potential prot ifallgoes well. 1} c. EMV is a tool designed to incorporate c into the budget process. Another term for it is Project 1 : EMV = $62,000 Project 2: EMV = $85,000 - 50% probability: $200,000 profit a 70% probability: $100,000 profit . 50% probability: $75,000 loss a 30% probability: $50,000 profit
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