1 by 3 grid. Row 1 : Expected value of cashflows = 50 % multiply sign pound sign 125,000 + 50 % multiply sign pound sign 75,000 Row 2 : = pound sign 62,500 + pound sign 37,500 Row 3 : = pound sign 100,000

◄ 4.3.3 Estimating probabilities for scenarios instead of increasing the discount rate