Question 25 4 points Save Ans A firm seeks to introduce a new product. Total launch costs are estimated at $500,000. If the product is successful, the firm expects a $2.3 million profit (not including launch costs). If the product fails, the firm expects a $500,000 loss (including launch costs). The probability of success is 30%. Construct a decision tree to determine the firm's best course of action. Then, check all correct statements below. (There are multiple correct statements.) If the product is successful, the net expected profit is $1.2 million. The expected profit from launching the product is $190,000, If the firm decides not to launch the product, their loss is $0.8 million. The firm's decision is whether to launch the new product or not. According to the decision tree, the firm should not launch the product