im a bit confused on this part, help me with all of the steps and also drawing the tree and add the probabilities and payoffs. lastly find the expected vaule for each act and choice the one that maximize the EMV

Residents of Mill River have fond memories of ice skating at a local park: An artist has captured the experience in a drawing and is hoping to reproduce it and sell framed copies to current and former residents. He thinks that if the market is good he can sell 500 copies of the elegant version at $120 each. If thi market is not good, he will sell only 450 at $90 each. He can make a deluxe version of the same drawing instead. He feels that if the market is good he can sell 700 copies of the deluxe version at $80 each. If the market is not good, he will sell only 500 copies at $70 each. In either case, production costs will be approximately $40,000. He can also choose to do nothing at this time. If he believes there is a 40% probability of a good market, what should he do? To determine what the artist should do, compute the expected monetary value (EMV) of each decision. In this case, to compute the EMV of a decision, multiply the profit of each state of nature by that state of nature's probability of occurrence. The EMV is the sum of these values. First, determine the probablify that the market is not good. Assume that there is a 40% probability, or 0.40, of a good market, as the artist believes. 0.60 (Enter your response as a decimar.) Compute the profit if he sells 500 copies of the elegant version at $120 each (market is good). Recall that profit is equal to revenue minus cost. (500)($120)$40,000=20,000dollars(Enteryourresponiseasaninteger.) Compute the profit if he sells 450 copies of the elegant version at $90 each (market is not good). (450)($90)$40.000=500dollars(Enteryourresponseasanmfeger.) Now, compute the EMV for the elegant version by multiplying the profit of each outcome by its probability and then summing of these values. EMV=(0.40)(20.000)+(0.60)(500)=8,300dollars(Enteryourresponseasaninteger) For the deluxe version, compute the profit if he sells 700 copies at $80 each (market is good). (700)($80)$40,000=16,00007dollars(Enferyourresponseasaninfeger.) Compute the profit if he sells 500 copies of the deluxe version at $70 each (market is not good). (500)($70)$40,000=dollars(Enteryourresponseasaninteger.) Now, compute the EMV for the deluxe version by multiplying the profit of each outcome by its probability and then summing these values