A new business opportunity has an 85% chance of being worth

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A new business opportunity has an 85% chance of being worth

 

A new business opportunity has an 85% chance of being worth $750000 next year and a 15% chance of being worth $150000. The appropriate expected rate of return is 11%. This new opportunity will be financed with a $540000 commercial loan. What must the promised future payoff to the lender be? Round your answer to the nearest dollar.

 

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A new business opportunity has an 85% chance of being worth

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A new business opportunity has an 85% chance of being worth