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Express Co is developing a silver mine at a cost of P5 million There is a 20 probability that silver worth of P15 million can be sold There is a 20 probability that the silver will only be worth

Express Co. is developing a silver mine at a cost of P5 million. There is a 20% probability that silver worth of P15 million can be sold. There is a 20% probability that the silver will only be worth P500,000. What is the maximum Express would be willing to spend to develop the mine?
A. P10,000,000       C. P3,100,000
B. P5,000,000         D. P0

Jun 20 2021 View more View Less

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