7. Expando manufacturing company is expanding its product line. To meet this increase in production requirements, three strategies are considered feasible: overtime, sub- contracting, or expansion. The use of overtime should produce a PW of $2,000 if de- mand is high or $3,000 if demand is low. If subcontracting is used, it should result in a PW of $3,000 when demand is high or $2,000 when demand is low. Expansion would probably contribute $6,000 for high demand or only $1,000 for low demand. The probabilities of demand are 0.4 for high and 0.6 for low. Construct a decision matrix and use EMV to determine the best decision for Expando.