Risk-neutral Icarus Airlines must commit now to leasing 1, 2, or 3 new airplanes. It knows with certainty that on the basis of business travel alone, it will need at least 1 airplane. The marketing division says that there is a 50% chance that tourism will be big enough for a second plane only. Otherwise, tourism will be big enough for a third plane. This, plus revenue information, yields the following table:

PlanesLeasedTourism RevenueExpectedProfit

LightHeavy

2$90 million$30 million$60 million

3$10 million$140 million$75 million

Refer to Scenario 5.8. The value to Icarus Airlines of complete information is

Group of answer choices

$120 million.

$125 million.

$90 million.

$40 million.

$115 million.