Please give the step by step solution to the following: TechTown Internet Infrastructure Upgrade $$ The town of TechTown has long been exploring ways to diversify its local economy and attract new investment from high$-$growth industries. Recently, two promising opportunities have emerged that could significantly boost the town$$s economic outlook: a potential data center from CloudNet, a leading cloud computing services provider, and a possible analytics office from BioMed Analytics, a fast$-$growing firm specializing in healthcare data analysis. $$ However, both opportunities come with conditions. CloudNet has made it clear that it will only consider TechTown if the town upgrades its aging internet infrastructure $$ an expensive but potentially transformative investment. BioMed Analytics does not require the upgrade to operate in TechTown, but town officials believe that modernized infrastructure would increase the likelihood of BioMed choosing their location over competing towns. $$ To guide the decision, the town planning commission has evaluated several future scenarios based on whether or not the infrastructure upgrade takes place. If the town proceeds with the upgrade, the estimated probabilities of CloudNet and BioMed locating in TechTown are as follows: $$ CloudNet locates & BioMed locates: $0\mathrm{.}30$ CloudNet locates & BioMed does not locate: $0\mathrm{.}10$ CloudNet does not locate & BioMed locates: $0\mathrm{.}40$ CloudNet does not locate & BioMed does not locate: $0\mathrm{.}20$ The corresponding annual net revenues $($after accounting for the cost of the infrastructure upgrade$)$ are: $$ $$600,000$ if both companies locate$$ $$150,000$ if only CloudNet locates$$ $$250,000$ if only BioMed locates$$$$200,000$ if neither company locates$$ If the town chooses not to invest in the infrastructure upgrade, the probability that BioMed Analytics will still choose TechTown drops to $0\mathrm{.}6,$ with an expected revenue of $$450,000.$ If BioMed decides against locating in TechTown, then no revenue will be generated because no investment was made and no company located. $$ Answer the following questions: $$ a$.$ Identify the key decision, the uncertain chance events, and the consequences associated with each outcome in this business case. $$ b$.$ Calculate the expected annual revenue associated with the decision to invest in the infrastructure upgrade. $$ c$.$ Calculate the expected annual revenue associated with the decision to not invest in the infrastructure upgrade. $$ d$.$ Based solely on the expected monetary values, which option should the town pursue? Provide a rationale for your recommendation. $$ e$.$ Suppose you are a strategic advisor to the mayor. Would you recommend making the decision based strictly on expected monetary value, or would you suggest incorporating additional qualitative factors? Discuss at least two non$-$financial considerations that might influence the final decision.