Ray Crawford Is Evaluating Investment Alternatives to Invest $500,000 Which

Multiple Choice

Ray Crawford is evaluating investment alternatives to invest $500,000 which he inherited from his grandfather.His investment advisor has identified four alternatives and constructed the following payoff table which shows expected profits (in $10,000's) for various market conditions: The expected value of perfect information is ___.

A) $57,000
B) $63,000
C) $79,000
D) $82,000
E) $87,000