Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin

تمرين 25

The PW value for an alternative is expected to be one of two values based on bids from two vendors. Your office partner told you that the low bid is $3200 per year. If she indicates a chance of 70% of accepting the high bid and that her expected PW is $5875, what is the PW of the high bid