A project offers a 30% probability of a payoff after one year of $2 million and a 70% chance of a payoff of $1 million. What is the maximum you would invest in this project today if the discount rate is 10%?
Select one:
A. $1,430,000.00
B. $1,300,000.00
C. $1,181,818.18
D. $818,181.82