acme co. is considering a four-year project that will require an initial investment of $9,000. the base-case cash flows for this project are projected to be $15,000 per year. the best-case cash flows are projected to be $22,000 per year, and the worst-case cash flows are projected to be -$1,500 per year. The company's analysts have estimated that there is a 50% probability that the project will generate the base-case cash flows. The analysts also think that there is a 25% probability of the project generating the best-case cash flows and a 25% probability of the project generating the worst-case cash flows. What would be the expected net present value (NPV) of this project if the project's cost of capital is 13%?
o $32,836 o $29,981 o $25,698 o $28,553
