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For the next three questions, consider the economy of Mafada. In this economy, there are two firms potentially interested in issuing a $100,000 bond to

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For the next three questions, consider the economy of Mafada. In this economy, there are two firms potentially interested in issuing a $100,000 bond to do a project each hopes will be profitable: The Plainspoken firm has a 100% chance of making a modest $130,000. The Fancypants firm has a 60% chance of making an impressive $180,000. 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 Fancypants Firm's project. Carefully follow all numeric instructions

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