Maries Kitchen, a local bakery with two locations, is looking to buy a new commercial oven. Marie has narrowed her decision to three possible ovens. She has gathered information about the average cost to use each oven at different levels of demand.

	Predicted Costs by Level of Demand
Demand	High	Medium	Low
Probability	30%	40%	30%
Model1	$2,000	$200	$1,400
Model2	$1,200	$1,000	$1,200
Model3	$1,600	$600	$1,600

What is the expected cost if Marie's Kitchen has perfect information? [Do not use a $ in your answer)

What is the maximum amount Marie should be willing to pay for perfect information? [Do not use a $ in your answer)