The next two questions are based on the following information. Paul wants to choose one of the two investment opportunities over three possible scenarios. Investment 1 will yield a return of $10,000 in Scenario 1, $2,000 in Scenario 2, and a negative return of -$5,000 in Scenario 3. Investment 2 will yield a return of $6,000 in Scenario 1, $4,000 in Scenario 2, and zero in Scenario 3. The probability for Scenario 1 is 0.2, for Scenario 2 is 0.3, and for Scenario 3 is 0.5.

1.

you were to choose the investment that maximizes Paul's Expected Money Value (EMV), then you should choose __________.

1. Investment 1
2. Investment 2
3. Indifferent

2.

If Paul is uncertain about the return for Investment 1 in Scenario 1, then this return has to be ___________ dollars in order to make Paul indifferent between these two investments (i.e. the two investments would have the same EMV.) (Please only enter an integer and include no units.)