AJCO Company is searching for investment opportunities. A market study shows the availability of four different investment opportunities such as buying a residential complex in one of four locations. The market study also provided information on the demand on real estates. The finance department estimated the expected total annual payoff (profit) in AED (000) from the residential complex in the alternative locations based on the possibility of the market status as shown in the table below. The marketing department estimated the probability for each market status to be 0.15 for poor demand; 0.20 for stable demand, 0.45 for high demand, and 0.20 for very high demand.
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