Calculate the expected payoff for the following cases with the formula: (P1)* (payoff if state 1)+ (P2)* (payoff if state 2),where P1 and P2 are the probabilities of state 1 and 2,respectively. 
Definitions:
NPV
Net Present Value (NPV) is a financial metric used to evaluate the profitability of an investment or project by calculating the difference between the present value of cash inflows and outflows over a period of time.
MIRR
Modified Internal Rate of Return, a financial metric that accounts for the cost of capital and reinvestment of cash flows.
IRR
The interest rate at which the total present value of a project or investment's incoming and outgoing cash flows sum to zero.
WACC
A technique called Weighted Average Cost of Capital computes a firm’s cost of funds, taking into account the proportional weighting of various capital types.
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