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A project requires an initial investment of $ 1 , 0 0 0 , 0 0 0 . In one year, there is a 4

A project requires an initial investment of $1,000,000. In one year, there is a 40% chance of a $950,000 return; a 50% chance of a $1,200,000 return; and a 10% chance of a $2,000,000 return. What is the project's expected return one year from now?
a.18.0%
b.12.8%
c.38.3%
d.15.5%
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