Please answer question 2

A manufacturer must decide whether to buy one machine or two. Demand can be ether l or high. with probabilities estimated to be 0.35 and 0.65. respectively. If only one machine is bought and demand proves to be low the profit is $900.000. On the other hand, if demand is high. the company has three choices. Doing nothing has a profit of $1,100,000: buying the second machine, $1.675.000: and subcontracting. $1,480.300 The profit from buying the two machines together is 5200.000 if demand is low and $2.330.000 if demand is high. You have to help the manufacturer to determine the expected payoff for each decision and event node. You must show your calculation steps clearly on your Excel spreadsheets. Correct answer without sufficient explanation will not get any credit. Your points depend on the clarity of your calculation steps and explanation. Spreadsheets without any explanation will not get arty credit. Important numbers and values must be labeled clearly. You must give your final answers here (DO NOT USE ANY COMMA): [1] The expected payoff if the manufacturer buys one machine first is dollars. [2] The expected payoff if the manufacturer buys two machines together is dollars. You must say TRUE or FALSE: [3] The decision to buy one machine first is the best decision. [4] The decision to buy two machines together s the best decision. You must give an explanation on your Excel spreadsheets