5) An oil drilling company may only bid for one job, out of three possible contracts. If oil is discovered in the North Sea, which has a 33% chance of happening, the company would profit Euro 3.75 million, and it would cost the company Euro 600,000 to get set-up. If oil was discovered in the Barents Sea, which has a 46% chance of happening, the company would profit Euro 2.85 million and it would cost Euro 345,000 to get the equipment set up. Which job do you recommend they bid on? Complete sentence answers are required. SHOW ALL WORK