Question: A store is evaluating two options: expand to a new location stay and do nothing in current place for the next five years The decision

A store is evaluating two options: expand to a new location stay and do nothing in current place for the next five years The decision process includes the following: Moving to the new site: would cost $500,000 annual returns with strong growth = $3 million; with weak growth = $2 million Doing nothing: annual returns with strong growth = $2 million; with weak growth = $1.5 million Strong growth has a 70% probability and operating costs for all other options are equal. Draw a decision tree of the problem and determine the best solution with highest expected value. Please draw the decision tree and solution in Excel

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