A firm is evaluating a product. The market demand for the product can be low or high.

A firm is evaluating a product. The market demand for the product can be low or high.
The product requires an investment of $1,240.

If the market demand is high, then there is a 30% chance that the product will sell for $1000 and a 70% chance it will sell for $1,500.

What is the NPV of the project if the market demand is high?

Remember, if your answer is negative, then don’t forget to put a – sign before your answer. For example, if your answer if negative 100, you should enter -100 in the answer box.

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