Floating Homes, Inc., is a manufacturer of luxury pontoon and houseboats that sell for $40,000 to $100,000. To estimate its revenues for the following year, Floating Homes divides its boat sales into three categories based on selling price (high, medium, and low) and estimates the number of units it expects to sell under three different economic scenarios. These scenarios include a recession (Scenario I), a continuation of current conditions in which the economy is level or unchanged (Scenario II), and a strong economy (Scenario III). These estimates are as follows:

Using these estimates, calculate the expected revenue for Floating Homes, Inc., for the following year.

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Scenario I: Recession Scenario 11: Level Economy Scenario IlI Strong Economy Probability High-Priced Boats Category Unit sales Average price per unit Medium-Priced Boats Category Unit sales Average price per unit Low-Priced Boats Category Unit sales Average price per unit 25% 50% 25% 50 400 1,000 95,000 $80,000 $90,000 100 $60,000 3,000 $80,000 800 $70,000 200 $50,000 1,500 $50,000 5,000 S50,000