... -$ 262,171.30. E(NPV) = 0.6(173,027.8) + 0.4 (-2 62,171.3) = -1 ,051.84 -$ 200,00060% prob.40% prob.1 2 3Years0150,000 150,000 150,000 -2 5,000 -2 5,000 -2 5,0001 2-8 Investment timing decision tree ... L0 ($100,000) ($100,000)1 59,000 33,5002 59,000 33,5003 - 33,5004 - 33,5001 2-4 -1 00,000 59,000 59,000 59,000 59,000 -1 00,000 -4 1,000Replacement chain Use the replacement chain to calculate ... successful and produce A-T net CFs of $150,000, and a 40% chance it will produce annual A-T net CFs of -$ 25,000.1 2-1 2Abandonment/shutdown option Project Y has an initial, up-front cost of $200,000,...