4. Individual Problems 17-4 Your company has a customer who is shutting down a production line, and it is your responsibility to dispose of the extrusion machine. The company could keep it in inventory for a possible future product and estimates that the reservation value is $200,000. Your dealings on the secondhand market lead you to believe that if you commit to a price of 5250,000, there is a 0.5 chance you will be able to sell the machine. If you commit to a price of $300,000, there is a 0.2 chance you will be able to sell the machine. If you commit to a price of $350,000, there is a 0.1 chance you will be able to sell the machine. These probabilities are summarized in the following table. For each posted ,orlce, enter the expected value of attemptlng to sell the machlne at that once. (Hint: Be sure to take ln to account the value of the machine to your company in the event that you are not be able to sell the machlne.) Posted Price Expected Value ($) Probability of Sale (5) $350,000 0.1 $300,000 0.2 $250,000 0.5 Assume you must commlt to one posted prlce. In order to maximize the expected profit of the potential sale, which posted price would you commit to in order to maximize the expected value of the potential sale of the machine? O 5250,000 O 5300,000 0 5350.000