As CEO of Internet Boon Ventures, you are considering putting together a new vacation travel internet planning site. If you put together the site and it is highly successful, you believe the site would generate $8 million in the present value of cash flows. If you put it together but it is not successful, you believe the site would generate only $1 million in present value cash flows. You believe there is a 45% probability that the site would be highly successful, and your costs of creating and maintain the site are $3 million. Which of the below best describes the expected value of this project?

		Less than or equal to zero.
		Greater than 0, less than $500,000.
		Greater than or equal to $500,000, less than $1,000,000.
		Greater than or equal to $1,000,000, less than $1,500,000.
		Greater than or equal to $1,500,000