A Question 1 (5 points) Retake question You are the manager of a national sports warehouse. One of your customers has been asking for the latest polo shirt which has been gaining popularity in Canada. Your customer guaranteed a one-year contract for supplying the product. You have to make a decision within a week to outsource or not. If you do not outsource, you can earn $250,000 with certainty. You realize that there is risk inherent with outsourcing. One such risk is higher duties on manufactured product from offshoring. You have conducted some research and determined that financial experts are predicting a 50% chance that new duties will be imposed in the near future. There is a 30% chance that duties will stay the same as now. There is a 20% chance that duties will be eliminated. If new duties are imposed, you will break even on your venture. If duties stay the same, you can earn $300,000. If duties are eliminated, you can earn $400,000. You remember learning of a technique to help you make a decision within the next hour, and determined that is best to: Outsource Not outsource and breakeven Outsource and pay duties Not outsource