A resort hotel has $20,000,000 to invest it its next location. There are three potential sites for the expansion. The cost to build the facility in any of the locations is $20,000,000. Which location should be selected?

Location A:

Probability / Outcome

.50 / 20%

.30 / 9%

.20 / -10%

Location B:

Probability / Outcome

.40/ 19%

.32 / 7.5%

.28 / -11%

Location C:

Probability / Outcome

.45 / 22%

.50 / 6%

.05 / -15%

a)	Location A

b)	Location B

c)	Location C

d)	Any of the above