CIS 366 - Module 11 Assignment Subpose that your organization is deciding which of four projects to bid on, as summarized in the following table. Assume that all up-front investments are not recovered, so they are shown as negative profits. Draw a diagram and calculate the EMV for each project. Which projects would you pursue? Why? Be sure to use the EMV information and your personal risk tolerance to justify your answer. Project Project 1 Project 2 Chance of Outcome 50% 50% 15% 40% 45% 70% 30% 30% 20% 30% 20% Estimated Profits $90,000 -$10,000 $120,000 $70,000 -$20,000 $25,000 -$5,000 $35,000 $30,000 $20,000 -$10,000 Project 3 Project 4