The construction manager for Acme Construction, Inc. must decide whether to build single family homes, apartments, or condominiums. He assumes that the probability of the population growing is $60\%.$ This is not a product$-$mix problem, but an all$-$or$-$nothing decision. He will hire workers and rent equipment appropriate for one action only. He estimates annual profits will vary with population trends as follows:

Dwelling

ty$.$pe

Population

steady.

Population

Single family

growing

Apartments

$170$

$59$

Condominiums

$-30$

$118$

What is the EMV of the best alternative?