Acompany recently announced that it would be going public. the usual suspects, morgan stanley, jpmorgan chase, and goldman sachs will be the lead underwriters. the value of the company has been estimated to range from a low of $5billion to a high of $100billion, with $45billion being the most likely value. if there is a 30% chance that the price will be at the low end, a 10% chance that the price will be at the high end, and a 60% chance that the price will be in the middle, what value should the owner expect the company to price at?

David paid $975,000 for two beachfront lots in coastal south carolina, with the intention of building residential homes on each. two years later, the south carolina legislature passed the beachfront management act, barring any further development of the coast, including david's lots. when david files a complaint to seek compensation for his property, south carolina refuses, pointing to a passage in david's own complaint that states "the beachfront management act [was] properly and validly designed to south carolina's " is south carolina required to compensate david under the takings clause?