A company is considering a long term investment that requires a $45.000 investment today, and then in 4 years promises a payout of $55.500 with prob. 0.4 and a payout of $66.000 with prob 0.6. If the...

A company is considering a long term investment that requires a $45.000 investment today, and
then in 4 years promises a payout of $55.500 with prob. 0.4 and a payout of $66.000 with prob
0.6. If the opportunity cost of capital for the compay is 8%, what is the expected net present
value?
a) 425
b) 433
c) 441
d) 449