You just paid $800,000 to become the sole equity investor in an unlevered firm. If things go well, you will sell the firm to Google for $1,600,000 in one year. If things go poorly, you will sell the firm to Facebook for $600,000 in one year. It is equally likely that things will go well versus poorly. What is your expected return on this investment?

a. 100.0%

b. 12.5%

c. 62.5%

d. 37.5%