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i have a restaurant, but i dont know what demand will be next year. i need to decide whether to expand or not. regardless of whether i expand or not, there’s a 12% chance that i’ll have a high demand and (100-12)% chance i’ll hwve low demand. If i expand and i have high demand. i’ll get $1,546,801. if i expand and get low demand, i’ll make $0. if i dont expand and get high demand, ill get $22,453. if i get low demand, i’ll make $50,000. what is the expected value of choosing to expand? Answer rounded to the nearest whole dollar.