You think that your chance of getting a well-paid job in an investment bank is about 12 per cent. If you get the job you will have a starting salary of $66,000 per year. However, if you don't make the cut then you will work at a fast food outlet for $40,000 per year. What is your expected starting salary? (to the nearest dollar)

Select one:

a.$43120

b.$62880

c.$66000

d.$40000