ABC manufacturing firms wants to meet the excess demand to its products. The firm's management is concerning three alternative courses of action.A.Arrange for subcontractingB.Begin overtime productionC.Construct new facilities

The correct choice depends largely on future demand, which may be low, medium or high. Management ranks the respective probabilities as 10%, 50% and 40% to low, medium and high product demand in the future respectively. A cost analysis reveals the effect on profit of each alternative under a given state. This is given in the payoff table below.

Pay off table

Required: Which alternative is the viable choice?