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Oxnard Petro Limited is buying hurricane insurance for its off-coast oil drilling platform. During the next five years, the probability of total loss of only

Oxnard Petro Limited is buying hurricane insurance for its off-coast oil drilling platform. During the next five years, the probability of total loss of only the above-water superstructure ($380 million) is .35, the probability of total loss of the facility ($880 million) is .35, and the probability of no loss is .30. Find the expected loss.

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