A company is deciding whether to develop and launch a new product. Research and development

costs are expected to be $$68,000$ and there is a $60\%$ chance that the product launch will be

successful, and a $40\%$ chance that it will fail. If it is successful, the levels of expected revenues

and the probability of each occurring have been estimated as follows, depending on whether the

product$$s popularity is high, medium, or low:

High: $0\mathrm{.}1$ $$160,000$

Medium: $0\mathrm{.}8$ $$130,000$

Low: $0\mathrm{.}1$ $$90,000$

If it is a failure, there is a $0\mathrm{.}3$ probability that the research and development work can be sold for

$$3,000$ and a $0\mathrm{.}7$ probability that it will be worth nothing at all.

Please provide the decision tree then continue answering the other requirements.

Correct your answer to $1-$decimal place; no need to write down the $ sign and thousand separator

in your answer; for negative numbers, you must indicate it by a $-$ sign

Find out the payoffs of E to I:

Payoff E $=$

Payoff F $=$

Payoff G $=$

Payoff H $=$

Payoff I $=$

Calculate the expected monetary values of B to D:

EMV of B $=$

EMV of C $=$

EMV of D $=$

How much is the company going to earn $($or lose$)$ if it chooses to develop and launch the

product, turns out to be successful and the product$$s popularity is high?

Should the company develop and launch the product? $($Answer either yes or no$)?$