A customer has approached a local credit union for a $20,000 I-year loan at a |O% interest rate. If the credit union does not approve the loan a plication, the $20,000 will be invested in bonds that earn a 6% annua return. Without additional information. the credit union believes that there is a 5% chance that this customer vvill default on the loan, assuming that the loan is approved. If the customer defaults on the loan, the credit union will lose the $20,000. At the cost $l 50, the bank can thoroughly investigate the customer's credit record and supply a favorable or unfavorable recommendation. If a favorable recommendation is given, then the chance that the customer does not repay the loan drops to LIZ-2%. For an unfavorable recommendation, the chance that the customer defaults on the loan increases to l6.48%. The credit union believes that there is a \"25% chance of the investigation yielding a favorable rating. Based on this information, which one is of the following is closest to the expected value of the optimal decision for the bank? A) 2l000 B)2|200 C)2|400 D) 2|600