Question: The upper branch from node 2 shows that the company has a 0.8 probability of winning the contract if it submits a bid. If the

The upper branch from node 2 shows that the company has a 0.8 probability of winning the contract if it submits a bid. If the company wins the bid, it will have to pay E2 000 000 to become a partner in the project. Node 3 shows that the company will then consider doing a market research study to forecast demand for the office units prior to beginning construction. The cost of this study is E150

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