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Buchanan Corp. forecasts the following payoffs from a project: Outcome Probability of Outcome Assumptions $500 20% pessimistic $2,400 50% moderately successful $6,900 30% optimistic What

Buchanan Corp. forecasts the following payoffs from a project:

Outcome Probability of Outcome Assumptions
$500 20% pessimistic
$2,400 50% moderately successful
$6,900 30% optimistic

What is the expected value of the outcomes?

A. $2,400

B. $3,370

C. $3,620

D. $3,267

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