OM Final W2020 V3 - Word (Product Activation Failed) ESIGN PAGE LAYOUT REFERENCES MAILINGS REVIEW VIEW endy) - 11 AAA REESEE AL AaBb AaBbcc AaBb ad X, A .A. 2 . 1 Normal 1 No Space Heading 1 AaBbccc AaB AaBbccc Aaby Heading 2 Title Subtitle Subtle! Font P aragraph Styles management. 10 Marks. 4. A small parts manufacturer has just engineered a new product for the automotive industry. In order to produce the part the company can expand existing facilities, acquire a competitor, or subcontract production. The company believes the product will either experience high market demand or low market demand. The following payoff table describes the company's decision situation: States of Nature Decision High Demand Low Demand Expand Facilities $2,000,000 - 1,250,000 Acquire Competitor 750,000 -500,000 Subcontract Production 250,000 25,000 4.1. The regret that is associated with the decision to acquire competitor when demand is low 4.2. The expected value for the expand facilities decision is? 5 Marks. 4.3. The expected value for the acquire competitor decision is? 5 Marks