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If Messi Farms chooses to plant corn, the net return is $ 5 0 , 0 0 0 with good weather, $ 3 0 ,

If Messi Farms chooses to plant corn, the net return is $50,000 with good weather, $30,000 with average weather, and only $6,500 with poor weather. If Messi Farms chooses to plant sorghum, the net return is $54,000 with good weather, $20,000 with average weather, and -$10,000 with poor weather. If Messi Farms chooses to plant alfalfa, the net return is $64,000 with good weather, $40,000 with average weather, and -$12,000 with poor weather. Probability of good weather is 10 percent, average weather is 70 percent, and poor weather is 20 percent.
(a)(5 points) What is the expected net return for corn? [Show your work!]
(b)(5 points) What is the expected net return for sorghum? [Show your work!]
(c)(5 points) What is the expected net return for alfalfa? [Show your work!]
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