A multinational manufacturing company is assessing its supply chain risk management strategies to mitigate potential disruptions caused by geopolitical tensions. The company has identified three primary risks: supplier insolvency, transportation delays, and regulatory changes. To quantify the impact of these risks, the company uses a risk assessment matrix that evaluates the likelihood of each risk occurring and its potential impact on operations. If the likelihood of supplier insolvency is rated at 0.2 (20%), the impact on operations is rated at $500,000, transportation delays have a likelihood of 0.3 (30%) with an impact of $300,000, and regulatory changes have a likelihood of 0.1 (10%) with an impact of $200,000, what is the total expected monetary value (EMV) of these risks?