For the first seven questions, consider the economy of Columbia. In this economy, there are three firms potentially interested in issuing a $100,000 bond to do a project each hopes will be profitable: The Heckle Firm has a 70% chance of a $150,000 return. The Ickle Firm has an 80% chance of a $140,000 return. The Jackle Firm is credibly guaranteed to get a $100,000 return. The only other possibility for all firms is failure, a $0 return. Assume that these firms will issue bonds as long as savers want them. Calculate the expected value of the Ickle Firm's project. Carefully follow all numeric instructions.