**Answer:**

Option b has the highest expected monetary value (EMV) of $57,335,000 after accounting for Value Engineering cost of $85,000 for the option.

**Explanation:**

Option A's EMV = $52,826,000 calculated as follows:

(95,000 x $610 x 0.76) + (60,000 x $610 x 0.24).

Option A's EMV = $57,335,000 calculated as follows:

(85,000 x $720 x 0.65) + (70,000 x $720 x 0.35) - $85,000.

Expected Monetary Value, EMV, is a statistical tool that is used to quantify risks using probability to weigh the outcomes from decision choices.

Using EMV, the expected value is calculated by multiplying the outcomes with their percentage chances of happening. This gives a weighted outcome that can be used to compare options.