#4 The president of Sweet-Shoe Inc. is considering two alternative investments, X and Y. If each

investment is carried out, there are four possible outcomes. The present value of net profit

and probability of each outcome are shown in the following table:

Investment X Investment Y Outcome Net Present Value Probability Outcome Net Present Value Probability $9 million 0.5 A $6 million 0.2 5 million 0.1 B 10 million 0.1 AUN- 8 million 0.2 C 8 million 0.3 7 million 0.2 11 million 0.4