Question: Consider a project with the following possible outcomes: Scenario Probability Possible outcome Boom 30% $1,931 Normal 45% $757 Bust 25% $351 What is the expected

Consider a project with the following possible outcomes:

Scenario

Probability

Possible outcome

Boom

30%

$1,931

Normal

45%

$757

Bust

25%

$351

What is the expected value of this project?

Report your answer to the nearest whole dollar (e.g., 1234).

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