Question: URGENT! Please explain these three parts. Problem 2 (65 points) Hillier Chapter 9,9.16 (e-book page 455). Read the problem description. When the credit-rating organization is

URGENT! Please explain these three parts. ProblemURGENT!

Please explain these three parts.

Problem 2 (65 points) Hillier Chapter 9,9.16 (e-book page 455). Read the problem description. When the credit-rating organization is not used, below is the corresponding payoff table a) Use the EMV/EP criterion to determine which decision alternative should be chosen. Justify and show your work/calculations. (6 points) b) What is the expected value of perfect information (EVPI)? Show your work/calculations. (6 points) c) Does the value of the EVPI indicate that consideration should be given to using the credit-rating organization? Justify. (3 points)

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