The decision tree for evaluating the expected monetary value $($EMV$)$ of the three potential expansion strategies:

$1.$ Decision Node $($Initial decision to choose one of the three strategies$)$

$-$ Open a New Store

$-$ Chance Node $($Market Conditions$)$

$-$ Strong Growth $(0\mathrm{.}4)$: $$500,000$

$-$ Moderate Growth $(0\mathrm{.}4)$: $$200,000$

$-$ Decline $(0\mathrm{.}2)$: $-$$$100,000$

$-$ Launch an Online Sales Platform

$-$ Chance Node $($Market Conditions$)$

$-$ Strong Growth $(0\mathrm{.}4)$: $$300,000$

$-$ Moderate Growth $(0\mathrm{.}4)$: $$150,000$

$-$ Decline $(0\mathrm{.}2)$: $$0$

$-$ Expand Product Lines in Existing Stores

$-$ Chance Node $($Market Conditions$)$

$-$ Strong Growth $(0\mathrm{.}4)$: $$250,000$

$-$ Moderate Growth $(0\mathrm{.}4)$: $$100,000$

$-$ Decline $(0\mathrm{.}2)$: $-$$$50,000$