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Analysts that have evaluated Builtrite Corporation have determined that there is a 15% chance that the firm will generate earnings per share of $2.40; a

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Analysts that have evaluated Builtrite Corporation have determined that there is a 15% chance that the firm will generate earnings per share of $2.40; a 60% probability that the firm will generate earnings per share of $3.10; and a 25% probability that the firm will generate earnings per share of $3.80. What are the expected earnings per share for Builtrite Corporation? (Round off to the nearest $0.01) $3.10 $2.91 $3.17 $2.75

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