Complete the decision tree below. Of note, the expected payoffs for high/moderate/low demand are 50% of what they would be if a competitor decided not to open. Identify the expected payoff for each alternative.

Expected payoffs High Demand Yes Moderate Demand $ Transition Probabilities Competitor Opens Demand - High Demand - Moderate Demand - Low Demand CT - High Demand CT - Moderate Demand CT - Low Demand do nothing) 42% 15% 45% % 40% 15% 459 40% 33,33% Low Demand $ High Demand $1,000,000 Competitor Opens No Moderate Demand $750,000 Low Demand $500,000 MRI High Demand Yes Moderate Demand $ Imaging Equipment Low Demand $ Competitor Opens High Demand $1,200,000 No Moderate Demand $900,000 Do Nothing Low Demand $600,000 Yes High Demand -$200,000 Competitor Opens Moderate Demand $0 Low Demand $400,000 No All Demands $0 Expected payoffs High Demand Yes Moderate Demand $ Transition Probabilities Competitor Opens Demand - High Demand - Moderate Demand - Low Demand CT - High Demand CT - Moderate Demand CT - Low Demand do nothing) 42% 15% 45% % 40% 15% 459 40% 33,33% Low Demand $ High Demand $1,000,000 Competitor Opens No Moderate Demand $750,000 Low Demand $500,000 MRI High Demand Yes Moderate Demand $ Imaging Equipment Low Demand $ Competitor Opens High Demand $1,200,000 No Moderate Demand $900,000 Do Nothing Low Demand $600,000 Yes High Demand -$200,000 Competitor Opens Moderate Demand $0 Low Demand $400,000 No All Demands $0