part c please

66 and 53.6 are both incorrect

A firm must decide whether to construct a small, medium, or large stamping plant. A consultant's report indicates a 20 probability that demand will be low and an 80 probability that demand will be high If the firm builds a small facility and demand turns out to be low, the net present value will be $42 million. If demand turns out to be high, the firm can either subcontract and realize the net present value of $42 million or expand greatly for a net present value of $48 million The firm could build a medium-size facility as a hedge: If demand turns out to be low, its net present value is estimated at $22 million, if demand turns out to be high, the firm could do nothing and realize a net present value of $46 million, or it could expand and realize a net present value of $50 million I the firm builds a large facility and demand is low, the net present value will be - $20 million, whereas high demand will result in a net present value of $72 million b. What is the maximin alternative? (Negative amount should be indicated by a minus sign.) Answer is complete and correct. Net present value Alternative 42 million Build a small facility Criterion Maximin c. Compute the EVPI. (Round your answer to 1 decimal place.) Answer is complete but not entirely correct. EVPI $ 53.63 milion