Cognizant Consulting specializes in the expansion of medical rms. The consultants assert that they can determine whether demand for the medical facilitys services will be

Cognizant Consulting specializes in the expansion of medical firms. The consultants assert that they can determine whether demand for the medical facility’s services will be high or low at each of the proposed locations. They have offered to provide their services to Washington Hospital Center for a $100,000 fee. A. Using the payoff table from question 3, 

a.determine the EVPI for the firm’s services. 

b. Is the firm’s offer fair?

Location	High (0.75)	Low(0.25)
Alexandria	$1,500,000	$600,000
Woodbridge	$950,000	$900,000
Leesburg	$1,200,000	$200,000

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