Use the decision tree in Figure 6.12 to determine which supplier’s bid to accept. Two suppliers have submitted bids to provide all of the steel for your construction project. Each has submitted an on-time, early, and late-bid price. Your risk management team has determined that the probability of on-time, early, and late delivery for each supplier and the corresponding bid amounts are as follows:

Supplier A On time (.4): $1,525,000 Early (.1): $2,212,000 Late (.3): $998,785 Supplier B On time (.2): $1,058,000 Early (.1): $1,678,906 Late (.4): $1,000,000 Determine the likely price for each supplier and decide which supplier will receive the contract to supply steel for your project. Explain your decision.