5. For its fiscal year ending September 30, 2020, Twin City levied $500 million in property taxes. It collected taxes applicable to fiscal 2020 as follows (in millions): June 1, 2019, through September 30, 2019 $20 October 1, 2019, through September 30, 2020 $440 October 1, 2020, through November 30, 2020 $15 December 2020 $4 The city estimates that $10 million of the outstanding balance will be uncollectible. For the fiscal year ending September 30, 2020, how much should Twin City recognize in property tax revenue (in millions) in its general fund?

Aplant manager is considering buying additional stamping machines to accommodate increasing demand. the alternatives are to buy 1 machine, 2 machines, or 3 machines. the profits realized under each alternative are a function of whether their bid for a recent defense contract is accepted or not. the payoff table below illustrates the profits realized (in $000's) based on the different scenarios faced by the manager. alternative bid accepted bid rejected buy 1 machine $10 $5 buy 2 machines $30 $4 buy 3 machines $40 $2 refer to the information above. assume that based on historical bids with the defense contractor, the plant manager believes that there is a 65% chance that the bid will be accepted and a 35% chance that the bid will be rejected. what is the expected value under perfect information (evpi)?