Please show work. I would actually like to learn how to answer this type of question.

3) White Valley Ski Resort is planning the ski lift operation for its new ski resort and wants to determine if one or two lifts will be necessary. Each lift can accommodate 250 people per day and skiing occurs 7 days per week in the 14-week season and lift tickets cost $25 per customer per day. The table below shows all the costs and probabilities for each alternative and condition. Should the resort purchase one lift or two? (40 points) Alternatives Conditions Utilization Installation Operation (# of lifts used on average) One lift Bad times (0.2) 0.8 $50,000 $200,000 Normal times (0.5) 1.0 $50,000 $200,000 Good times (0.3) 1.0 $50,000 $200,000 Two lifts Bad times (0.2) 0.8 $90,000 $200,000 Normal times (0.5) 1.5 $90,000 $400,000 Good times (0.3) 1.9 $90,000 $400,000