A manufacturing firm is considering a project which has an economic service life of one year with no salvage value. The initial cost for the project...

A manufacturing firm is considering a project which has an economic service life of one year with no salvage value. The initial cost for the project is $1,940. There is a 0.15 probability that the year-end revenue is $2,300. There is a 0.62 probability that the year-end revenue is $3,710. There is a 0.23 probability that the year-end revenue is $4,530. If the firm's MARR is 18%, what is the expected value of the project?