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Question 4
Question 4 of 5
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Ruby Riot, a local wine maker, projects it will earn $215K in profit each year, and each year it has a 60% chance of surviving
until the next year. Under these assumptions, what is the value of the firm today?
? 430,000
? 537,500
? 815,000
? 1,290,000
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Question 4 of 5