Figure 19.3 on the previous page gives a decision tree presented in the book Production/Operations Management by

Question:

Figure 19.3 on the previous page gives a decision tree presented in the book Production/Operations Management by William J. Stevenson. Use this tree diagram to do the following:
a. Find the expected monetary value for each of the alternatives (subcontract, expand, and build),
b. Determine the alternative that should be selected in order to maximize the expected monetary value.