A. Project 1 has five bidders with equal chances of winning. Its value is $400,000, but will cost $20,000 to bid. What is its EMV? a. $80,000 b. $380,000 c. $64,000 d. Insufficient data B. Project 2 has 100 bidders with equal chances of winning. Its value is $26,000,000, but will cost $200,000 to bid. What is its EMV? a. $2,000 b. $62,000 c. $25,800,000 d. Insufficient data C. If he can only bid on one project, a risk-seeking manager will bid on which one? a. Project 1 b. Project 2 c. Insufficient data