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:
Discount Rate
The interest rate used to discount future cash flows to their present value, often used in the context of evaluating investment opportunities.
WACC
Weighted Average Cost of Capital, a calculation of a firm's cost of capital wherein each category of capital is proportionately weighted.
Risk Similarity
The degree to which different investments share similar risk characteristics.
Current Operations
The day-to-day activities involved in running a business, such as sales, maintenance, and administration, which directly relate to its main activities.
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