3. A company "Lachin & Friends Co. is trying to decide whether to bid for a certain contract or not. They estimate that merely preparing the bid will cost 10,000. If their company bid then their bid will be put on the short-list", otherwise their bid will be rejected. Once "short-listed the company will have to supply further detailed information (entalling costs estimated at 5,000). After this stage their bid will either be accepted or rejected. The company estimate that the labor and material costs associated with the contract are 127,000. They are considering three possible bid prices, namely 155,000, 170,000 and 190,000. For the rejected bids, they will be refunded 3,000. Answer following questions based on into given 3.1 Draw the decision tree of full process, with every options. - (20 points) 32 At the end of the process, how much money in total were spend by company to win the bid, if their bid of 170,000 is accepted - (5 points) 33 How much money they will get in profit after the project competition (with all expenses), if their bid of 190,000 is accepted - (5 points) 3. A company "Lachin & Friends Co. is trying to decide whether to bid for a certain contract or not. They estimate that merely preparing the bid will cost 10,000. If their company bid then their bid will be put on the short-list", otherwise their bid will be rejected. Once "short-listed the company will have to supply further detailed information (entalling costs estimated at 5,000). After this stage their bid will either be accepted or rejected. The company estimate that the labor and material costs associated with the contract are 127,000. They are considering three possible bid prices, namely 155,000, 170,000 and 190,000. For the rejected bids, they will be refunded 3,000. Answer following questions based on into given 3.1 Draw the decision tree of full process, with every options. - (20 points) 32 At the end of the process, how much money in total were spend by company to win the bid, if their bid of 170,000 is accepted - (5 points) 33 How much money they will get in profit after the project competition (with all expenses), if their bid of 190,000 is accepted - (5 points)