Question: Qn 4 : Which firm has higher expected values? table [ [ , Firm U , Firm L ] , [ , Economy ]

Qn 4: Which firm has higher expected values?
\table[[,Firm U,Firm L],[,Economy],[,Bad,Average,Good,Bad,Average,Good],[Probability,25%,50%,25%,25%,50%,25%],[EBIT,2000,3000,4000,2000,3000,4000],[Interest,0,0,0,1200,1200,1200],[Earnings before tax,2000,,,800,,],[Taxes,800,,,320,,],[Net Income,1200,,,480,,],[,,,,,,],[Earnings per share,0.12,,,,,],[ROE,0.06,,,,,]]
Qn 4 : Which firm has higher expected values? \

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