This case is designed to reinforce basic modeling skills. Students will (1) recognize the problem, objective(s), alternatives, and relationships between various facts presented in the case; (2) create a spreadsheet model that embeds these relationships and computes the performance metric(s) for different alternatives—specifically, multiple-period pro-forma income statements and projects’ NPVs; (3)inderstand the flaw of averages (Jensen’s inequality) and reinforce the problem it creates for decision-making under uncertainty and risk; (4) practice decision-making under uncertainty—in particular, using simulation models; (5) master multiple regressions skills, model-building (variable selection), and using regression to provide distributional inputs into simulation models; (6) practice implementing threshold-dependent decision strategy; practice interpreting the threshold and the corresponding strategy; (7) provide illustration for multiple-objective, multiple-stakeholder decision-making.