Question: Under normal conditions (76% probability), Financing Plan A will produce a $28,000 higher return than Plan B. Under tight money conditions (24% probability), Plan A

Under normal conditions (76% probability), Financing Plan A will produce a $28,000 higher return than Plan B. Under tight money conditions (24% probability), Plan A will produce $36,000 less than Plan B. What is the expected value of return?

Group of answer choices

$88,480

$12,640

$11,840

$100,320

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