<PRE><B>Question 944061</B>
NPV= [-$310000 x P] + [ $207000 x 0.48] + [ $398000 x (1 - 0.48 - P)]
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NPV= [-$310000 x P] + [ $99360] + [ $398000 x $(1 - 0.48 - P)]
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NPV= [-$310000 x P] + [ 99360] + 0.52*398000- 398000P
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NPV= -$310000P + 306320 - 398000P
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NPV= =708000P + 306320
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Take it from there.
Cheers,
Stan H.
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