Calculate the total expected returns for the following options:

Option A

Borrow $3,000 today at 6% interest and $1,000 in equity

40% chance of receiving $3,400 in 1 year

60% chance of receiving $8,900 in 1 year

Option B

Issue stock today for $3,000 and the rest borrowed at 6% interest at $1,000

40% chance of receiving $3,400 in 1 year

60% chance of receiving $8,900 in 1 year

Option C

Issue $4,000 stock today

40% chance of receiving $3,400 in 1 year

60% chance of receiving $8,900 in 1 year