Given the following(see table below) what would be the amount of contingency reserves that a project manager would expect to require for his/her project considering the risks events identified here. Provide EMV calculation for each of the three (3) event and the overall total. Risk # obability 30% Impact $ 105,000 EMV (calculate) 2 55% $ 88,000 3 80% $ (40,000) Total needed for reserves