Review the payoff table below $($DOUBLE CHECK YOUR PROBABILITIES$).$ What is the Expected Value of Perfect Information $($EVPI$)?$

PAYOFFS

Outcomes

Alternatives

Outcome $1$

Outcome $2$

Outcome $3$

Scenario $1$

$$70,000$

$$28,000$

$-$$$14,000$

Scenario $2$

$$112,000$

$$42,000$

$-$$$28,000$

Scenario $3$

$$140,000$

$$42,000$

$-$$$56,000$

Scenario $4$

$$420,000$

$$35,000$

$-$$$224,000$

Probability

$0\mathrm{.}30$

$0\mathrm{.}40$

$0\mathrm{.}30$

A$.$

$$72,800$

B$.$

$$42,000$

C$.$

$$138,600$

D$.$

$$65,800$