(Related to Checkpoint 13.3) (Forecasting revenues using scenario analysis) Floating Homes, Inc. is a manufacturer of luxury pontoon and house boats that sell for $40,000 to $100,000. To estimate its revenues for the following year, Floating Homes divides its boat sales into three categories based on selling price (high, medium, and low) and estimates the number of units it expects to sell under three different economic scenarios. These scenarios include a recession (Scenario I), a continuation of current conditions in which the economy is level (Scenario II), and a strong economy (Scenario III). These estimates are given here: B. Using these estimates, calculate the expected revenue for Floating Homes, Inc. for the following year. The expected revenue for Floating Homes, Inc. for the following year is $ . (Round to the nearest dollar.) 1 Data Table 2 Scenario 1 Scenario II Scenario III (Recession) (Level Economy) (Strong Economy) 29% 55% 16% 40 410 $91,000 1,025 $91,000 $91,000 Probability High-Priced Boats Category Unit sales Average price per unit Medium-Priced Boats Category Unit sales Average price per unit Low-Priced Boats Category Unit sales Average price per unit 110 $69,000 825 $69,000 4,950 $69,000 210 $48,000 S48,000 1,525 $48,000 44.526 4,550 $48,000