A Project Is Predicted to Have a Return of -

Multiple Choice

A project is predicted to have a return of - £16m in a recession, and the probability of a recession is estimated to be 0.25. In a growth period the return would be 16m (with probability 0.50) and in a boom the return would be £24m (with probability 0.25) . What is the expected return?

A) £80m
B) £24m
C) £50m
D) £10m