You own property that is in demand. You can develop the land yourself for $11 million. Your analytics model predicts that if you develop yourself, there is a 20% chance demand will be moderate and it will have gross value of $10 million, a 55% chance demand will be low and it will have gross value of $5 million, and a 25% chance demand will be high. If demand is high, your model predicts a 60% chance it will have gross value of $80 million, and a 40% chance it will have gross value of $120 million. An alternative to developing yourself is to put your land up for sale to other developers. If you do this, your agent predicts a 60% chance it will sell for $30 million, and a 40% chance it will sell for $60 million. After evaluating your options, as an expected value decision maker, you make the optimal decision to put the land up for sale and expect to earn $42 million. Genie Analytics approaches you with their patented ability to perfectly predict the future.

Required:
What is the maximum you would be willing to pay Genie for their perfect information? That is, what is EVPI?

Aiden is 19 years old, unmarried, and was a first-year full-time student working on a degree in accounting during 2018. he has never had a felony drug conviction. aiden did not provide more than half of his own support and can be claimed as a dependent by his mother. aiden’s income was $4,000 in wages working as a part-time cook at a fast food restaurant. aiden received form 1098-t indicating $5,000 for payments received for qualified tuition and related expenses in box 1. he received $8,500 in scholarships and grants, which was reported in box 5. aiden’s scholarship was used to pay for room and board, tuition, and books. the cost of his books was $845. aiden is a u.s. citizen with a valid social security number. 1. which of the following statements is true? a. the portion of the scholarship that was not used for qualified educational expenses must be included in aiden's income. b. the amount spent on books is not a qualified education expense. c. the taxable portion of the scholarship must be reported on aiden's mother’s return. d. none of aiden's scholarship is taxable.