Daniel runs a bakery. The cash flow estimate for the bakery is $95,600, with a 35% probability, and $60,500, with a 65% probability. The present value factor is 0.95238. Given this information, what is the expected cash flow? $72,785 $100,380.10 $27,314 $91,047.53

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Daniel runs a bakery. The cash flow estimate for the bakery is $95,600, with a 35% probability, and $60,500, with a 65% probability. The present value factor is 0.95238. Given this information, what is the expected cash flow?

$72,785
$100,380.10
$27,314
$91,047.53
 
 
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