Your company is considering adding a new product. If the trend toward working from home continues, selling tasteful office furniture should earn a profit of $50,000. But if employees end up valuing face time at the office, sales of this type of office furniture will earn a profit of only $10,000. A survey of the company's customers reveal that there is an 80% probability of the work from home trend continuing into the foreseeable future. What s the expected value of selling tasteful office furniture?

Multiple Choice

Zero; there is too much risk associated with the outcome to sell this new product

$30,000

$42,000

$50,000