A financial firm is considering two investment opportunities. A real estate investment would require a $3 million investment, and the experts at the firm predict that there is a 70% chance that the investment will yield $7 million in gross revenue, a 20% chance that it will yield $4 million in gross revenue, and a 10% chance that it will yield $0 in gross revenue. A stocks and bonds investment would require a $4 million investment, and the firm's experts predict that there is a 50% chance that this investment would yield gross revenue of $12 million, a 30% chance that it would "break-even" ($4 million in gross revenue), and a 20% chance that it would yield $0 in gross revenue.
Find the expected value for each of these two investment opportunities.
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