A magazineran a sweepstakes in which prizes were listed along with the chances ofwinning: $1,000,000(1 chance80,000,000), $100,000 (1 chance in130,000,000), $25,000 (1 chance in130,000,000), $5,000 (1 chance in35,667,000), and$2,500 (1 chance in26,500,000).

1. Assuming that there is no cost to enter thesweepstakes, find the expected value of the amount won for one entry.
2. Find the expected value if the cost of entering this sweepstakes is the cost of a postage stamp