Problem 3 - Decision Tree [TM really liked your work on the option pricing of the gates. so they ask you to look at their 3phase expansion at their home airport. The three phases are: 1. upon purchase of the new gates; start a marketing program to promote JTM's routes to the East Coast. West Coast, and the Caribbean. It all goes well and the market is receptiye, they will go on to phase 2 2. phase 2 has JTM invest in new routes to the three sets of destinations listed. If at any time, JTM nds that this is not going to work, they will pull the plug on phase 2 and scratch the project 3. phase 3 has JTM start the new routes to the destinations listed. If things don't go well on any of the three destinations. they will pull the plug on phase 3 and scratch that destination out After much work with other departments. you generate enough data to calculate the NPV of the 3phase expansion. Before you have a chance to save all yourwork. there is a power spike in the building and you lose part of your work. You have to go back and complete it so you can present it to your manager. Please use the template to complete problem 3