Taylor’s Pipe and Steel Company expects sales next year to be $1,000,000 if the economy is strong, $700,000 if the economy is steady, and $385,000 if the economy is weak. Taylor believes there is a 20 percent probability the economy will be strong, a 65 percent probability of a steady economy, and a 15 percent probability of a weak economy. What is the expected level of sales for next year?