Ray Crofford is evaluating investment alternatives for the $100,000 which he inherited from his grandfather.His investment advisor has identified four alternatives and constructed the following table which shows expected profits (in $10,000's) for various market conditions and their probabilities. 
The expected monetary payoff with perfect information is ________.
Definitions:
TQM
Total Quality Management; a management approach focused on improving the quality of an organization's outputs, including goods and services, through continual feedback and refinement.
Incentive Pay Systems
Compensation methods designed to motivate employees by tying a portion of their earnings to specific performance metrics.
TQM
Total Quality Management; a business management strategy aimed at embedding awareness of quality in all organizational processes.
Survey Feedback
A method of organizational development involving the collection of employee opinions and attitudes, followed by sharing the results with them to initiate change.
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