It was determined that the profits from a new product launch would be $250,000 if the market is good, $150,000 if the market is fair, and -$100,000 (a loss) if the market is poor.The probability of the market being good is 0.40, fair is 0.40, and poor is 0.20.The expected monetary value (EMV) of the new product is

• $300,000

• $140,000

• $500,000

• $180,000