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Your friend has a one-year project that will bring in either 545,000 (0.4 probability) or...

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Accounting

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Your friend has a one-year project that will bring in either 545,000 (0.4 probability) or 1,610,000 (0.6 probability) at the end of the year. The project requires an outlay of $565,000 to start. How much equity can your friend raise to finance the project if potential shareholders would want a 16% return? a) $1,184,000 b) $478,474 O $1,020,690 d) $562,619 e) $619,000

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