Baby Pty Ltd

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Baby Pty Ltd. is planning to launch a new brand of makeup product. Based on market research, if sales are high they can make a profit of $5.4 million per year. If sales are 'so so' they can make a profit of $2.9 million per year. Finally, if sales are low they can lose $0.63 million per year. The probability that sales will be high is 0.69. The probability that sales will be 'so so' is 0.15. Calculate the expected profit for the product (in $ millions per year) to two decimal places.