Question: Decision tree - basic problem setting Please solve the following decision tree to maximize the expected payoff. $100K Up 2 60% 65% $120K Down 35%

Decision tree - basic problem setting Please solve the following decision tree to maximize the expected payoff. $100K Up 2 60% 65% $120K Down 35% $75K Up 40% 1 $S5K Down 30% $95K 70% $65K This question refers to "Decision tree - basic problem setting for information needed to answer the questions, The optimal expected payoff of the decision tree is: $_ K. (Please conduct all calculations with the precision of two decimal places after the dot.) (Please report your result in 000's. For example, if you result is $500K, report "500" in the space provided.)

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