Question: PLEASE ANSWER THE QUESTION FULLY AND CORRECTLY. I NEED THE DECISION TREE. THANK YOU IN ADVANCE! Question 2 A company is considering taking on a

PLEASE ANSWER THE QUESTION FULLY AND CORRECTLY. I NEED THE DECISION TREE. THANK YOU IN ADVANCE!

Question 2 A company is considering taking on a project. If the project is successful, then the company expects a profit of $100,000; otherwise, if the project fails, the company will incur a loss of $50,000. The company is very optimistic and estimates the chances of successful project to be 90%. a) What is the expected profit? b) What is the value of perfect information? The company can hire an expert to advise whether or not to take on the project. The expert's record shows that for successful projects, there is an 80% chance that the expert would recommend investing (i.e., taking on the project). For failed projects, there is a 30% chance the expert would recommend taking on the project. c) Based on the expert's value of advice, what is the maximum amount the company should pay the expert

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