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Solar Designs is considering an investment in an expanded product line. Two possible types of expansion are under review. After investigating the possible outcomes, the

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Solar Designs is considering an investment in an expanded product line. Two possible types of expansion are under review. After investigating the possible outcomes, the company made the estimates shown in the following table: The pessimistic and optimistic outcomes occur with a probability of 25%, and the most likely outcome occurs with a probability of 50%. Expansion A Expansion B Amount Amount $11,000 $11,000 Initial investment Annual rate of return Pessimistic Most likely Optimistic 11% 18% 28% 14% 18% 25% What is the the range for the rate of return for expansion A ? (round to the nearest whole number) %. 17% 2596 119 10%

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