5. The Ore Mining Company is attempting to decide whether or not a certain piece of land should be purchased. The land cost is Rs. 3,00,000. If there are commercial ore deposits on the land, the estimated value of the property is Rs. 5,00,000. If no ore deposits exist, however, the property value is estimated at Rs. 2, 00,000. Before purchasing the land, the property can be cored at a cost of Rs. 20,000 . The coring will indicate if conditions are favorable or unfavorable for one mining. If the coring report is favorable, the probability of recoverable ore deposits on the land is 0.8 , while if the coring report is unfavorable the probability is only 0.2 . Prior to obtaining any coring information, management estimates that the odds are 50-50 that ore is present on the land. Management has also received coring reports on places of land similar to the one in question and found that 60% of the coring reports were favorable. Construct a decision tree and determine whether the company should purchase the land, decline to purchase it, or take a coring test before making its decision. Specify the optimal course of action and EMV