Question: Make the solution clear or step by step. If the interest rate is 8% per year, what decisions would you make based on the decision

 Make the solution clear or step by step. If the interest

Make the solution clear or step by step.

If the interest rate is 8% per year, what decisions would you make based on the decision tree diagram in the figure below? (0.6) $200,000 profit per year for six years, starting at EOY 3 (0.4) Introduce New Product -$1,000,000 at EOY 2 Do Nothing $280,000 profit per year for six years, starting at EOY 3 $0 profit/yr. for 8 years Year 0

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