A construction company has three development alternatives; Option A would construct an oil and gas refinery, Option B would build a new commercial plaza, and Option C would renovate an old hotel in the city's downtown area. The marketing team has forecasted two possible scenarios for the investment return; Optimistic and Pessimistic. The below table provides more detail regarding the profit in different scenarios.

Which option has the highest expected monetary value?

Annual Profit Under Various Scenario Options Pessimistic Probability Optimistic Probability A oil and gas refinery $90,000 0.5 $25,000 0.5 B commercial plaza $80,000 0.4 $70,000 0.6 C hotel renovation $60,000 0.3 $55,000 0.7