Modigliani and Associates has forecasted the following payoffs from a project 18 Probability Outcome of Outcome $ 0 20% $ 3,500 60% $ 6,000 20% Assumptions pessimistic moderately successful optimistic 8 00:4252 What is the expected value of the outcomes? Multiple Choice O Cannot be determined. Depends upon which prediction is correct. $3,300 What is the expected value of the outcomes? 18 Multiple Choice 00:42:29 Cannot be determined Depends upon which prediction is correct. $3,300 $0 $3,700