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 type	Population steady	Population growing
Single family	105	91
Apartments	166	54
Condominiums	-30	104

What is the EMV of the best alternative?

Don't round your probabilities or your intermediate calculations.