A company is deciding whether to develop and launch a new product. Research and development costs are expected to be $300,000 and there is a 70% chance that the product launch will be successful, and a 30% chance that it will fail. If it is successful, the levels of expected profits and the probability of each occurring have been estimated as follows, depending on whether the product's popularity is high, medium or low: Probability Profits High 0.2 500,000 $ Medium 0.5400,000 $ Low 0.3 300,000 $ If it is a failure, there is a 0.6 probability that the research and development work can be sold for $50,000 and a 0.4 probability that it will be worth no revenues at all. a. The total revenue of the Success-High: * 4 points None of the answers 250,000 300,000 0 200,000 b. The total revenue of the Fail-Nothing: 4 points 300,000 None of the answers -300,000 O 250,000 c. The EMV of the Success: 8 points None of the answers 90,000 125,000 100,000 d. The EMV of the Fail is: * 8 points 270,000 -270,000 294,480 None of the answers e. The EMV of the project process is: 10 points 18,000 -18,000 90,000 None of the answers f. Your decision as a manager: 6 points To reject the project To accept the project