Q1 Based on the payoff table given below, construct a decision tree and fold back the tree to make the decision. (1) Draw a decision tree. (2) Calculate EMV for each node. The EMV of constructing a small plent is 15,000 The EMV of construting a large plant is 11,250 The EMv of doing nothing is 0 8,7500.25)+(12,5000.50)+(10,0000.25)=158,7500.25)+(17,5000.50)+(15,0000.25)468.75+87503750 (3) What is the best decision? Therefore the best decision is to construct a small plont becurse it is the highest so it is most likely to result in the greatest financial gain