a. Suppose that you expect to produce and sell 10,000 tons of copper next year. What is the PV of this output? Assume that the sale occurs at the end of the year. (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) Present value million b-1. If copper has a beta of 1.24, what is the expected price of copper at the end of the year? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Expected price per ton b-2. Assume copper has a beta of 1.24. What is the certainty-equivalent end-of-year price? Certainty-equivalent price per ton