A project is under analysis that has an uncertain time horizon and uncertain benefits . the project life of 7 years is 4 time more likely that a porject life of 6 years. the inital cost of the project is 100,000. the annual benefits could be iether 20,000 or 30,000 with 70% and 30% percent respectively. the company’s MARR is 10% . What is the expected value of the projjecct ?
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