A manager must decide how many machines of a cetain type to buy. The machines will be tsed to manufacture a new gear for which there is increased demand. The manager has narrowed the decision to two alternatives: buy one machine or buy two. If only one machine is purchased and demand is more than it can handle, a second machine can be purchased at a later time. However, the cost per machine would be lower if the fwo machines were purchased at the same time. The estimated probability of low demand is 30 , and the estimated probability of high demand is 70 . The net present value associated with the purchase of two machines initially is $77,000 if demand is low and $132,100 if demand is high. The net present value for one machine and low demand is $95,000. If demand is high, there are three options. One option is to do nothing, which would have a net present value of $105,680. A second option is to subcontract, that would have a net present value of $125,850. The third option is to purchase a second machine. This option would have a net present value of \$104,952. a. What is the EMV (expected monetary value) for alternative buy one machine? The EMV is SBlank 1 b. What is the EMV (expected monetary value) for alternative buy two machines? The EMV is SBlank 2 c. How many machines should the manager purchase initially? The manager should purchase Blank 3 machine(s) initially