1) (50 points) Draw the decision tree for Sagar's decision, and clearly label each decision node, chance node, probability and all monetary and non-monetary outcomes. The new iWidget6 is here! Full retail price for the least expensive model is $659. If you are eligible for an upgrade from your service provider Spirizon, the price is $199. Sagar desperately wants to upgrade his iWidget5 to a new iWidget6, but is not eligible for an upgrade for another 6 months, and there is a 50% chance that the iWidget6 will have major flaws. But a lot can change in 6 months. Any major flaws in the iWidget6 will be fixed by then. On the other hand, the market value of his iWidgetS will go down from the current value of $250, to either $150 (with probability of 40%) or $100 (with probability of60%). Sagar's sister Hailie has agreed to buy the iWidgetS from him for the market price on the date she purchases it from him 1) (50 points) Draw the decision tree for Sagar's decision, and clearly label each decision node, chance node, probability and all monetary and non-monetary outcomes. The new iWidget6 is here! Full retail price for the least expensive model is $659. If you are eligible for an upgrade from your service provider Spirizon, the price is $199. Sagar desperately wants to upgrade his iWidget5 to a new iWidget6, but is not eligible for an upgrade for another 6 months, and there is a 50% chance that the iWidget6 will have major flaws. But a lot can change in 6 months. Any major flaws in the iWidget6 will be fixed by then. On the other hand, the market value of his iWidgetS will go down from the current value of $250, to either $150 (with probability of 40%) or $100 (with probability of60%). Sagar's sister Hailie has agreed to buy the iWidgetS from him for the market price on the date she purchases it from him