Question: Currently, George has two projects to undertake: P1 & P2. George must borrow $10 for one period. RK is greedy and will ask George to

Currently, George has two projects to undertake: P1 & P2. George must borrow $10 for one period. RK is greedy and will ask George to pay 10% interest for one period. The project P1 is risky and George & RK both know it. This project may bring $24 next period with 50% probability or it may be worth $0 with 50% probability. Project P2 is not risky. It will be worth exactly $15 after one period.

Fill in the blanks in the following table. Please show all work. Upvotes will be given to correct answer.

Project	Expected payoff to RK	Expected payoff to George
P1	?	?
P2	?	?

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