Economists are predicting equal chances that the economy will be a booming, above-average, below average, or recessionary economy. If an investment in the firm during that period is projected to yield 60% return during a boom, 30% return during an above-normal normal economy, 10% during a below-normal economy, or -30% return during a recession, what is the expected rate of return for this investor given those possible returns and probabilities?

Group of answer choices

17.50%

20.50%

16.50%

18.50%

15.50%

equity financing

credit card financing

mezzanine financing