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I just need help with question 11

As CEO of Internet Boondoggle Ventures (IBD), you are considering putting together a new vacation travel internet planning site. If you put together the site and it is highly successful, you believe the site would generate $8 million in present value of cash flows. If you put it together but it is not successful, you believe the site would generate only $1 million in present value cash flows. You believe there is a 45% probability that the site would be highly successful, and your costs of creating and maintain the site are $3 million. Which of the below best describes the expected value of this project? Less than or equal to zero. Greater than 0, less than $500,000. O O O O Greater than or equal to $500,000, less than $1,000,000. Greater than or equal to $1,000,000, less than $1,500,000. Greater than or equal to $1,500,000 QUESTION 11 10 point Given the venture from Question 10, how much is a study that perfectly predicts whether the site will be successful worth to you? Give the number in millions of dollars. I.e., if the answer is $5,250,000, put in 5.25