Your software development company is considering investing in a new product. If it is very well received by users (30% probability), you expect an NPV of $500,000; if users are mildly happy with the product (50% probability), you expect an NPV of $400,000; and if users are not that excited by the product (20% probability), you expect an NPV of $300,000. What is the expected NPV of the product?
a. $390,000
b. $400,000
c. $410,000
d. None of the above