durrance company assigned the following likelihoods to the possible annual net cash flows of a proposed investment:annual netcash flowprobabilityof occurring$720,000 0.60 580,000 0.25 510,000 0.15 using expected value analysis, what is the expected value of the annual net cash flow?a. $653,500b. $720,000c. $432,000d. $580,000
