An Analyst Computes the Intrinsic Values and Probabilities for Each

An analyst computes the intrinsic values and probabilities for each of the indicated scenarios in the following table.Determine the expected value per share. $$\begin{array} { | l | l | l | l | } \hline \text { Scenario } & \begin{array} { l } \text { Intrinsic value } \\\text { (millions) }\end{array} & \text { Probability } & \\\hline \begin{array} { l } \text { Success in both domestic } \\\text { and international markets }\end{array} & 1200 & 0.4 & \\\hline \text { Success in domestic market only. } & 600 & 0.2 & \\\hline \text { Success in int emational market only. } & 800 & 0.3 & \\\hline \text { Failure in both markets } & 0 & 0.1 & \\\hline { \text { Expected intrinsic value (millions) : } } & \\\hline \text { Shares outsta nding } 50 \text { million } & \text { Expected share price } & \\\hline\end{array}$$

A) 13.00
B) 16.00
C) 16.80
D) 17.50

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