An enterprise evaluates different investment alternatives in the process of developing new products. The first of these is to buy a new land and establish a factory that is compatible with the technology of the new product. The enterprise will be able to do this by purchasing a new plot of 5000 m2 per square meter of 3000 TL and incurring the cost of establishing a factory of 5 million TL.

When the new factory is established, the demand for the new product to be produced here is expected to be high, medium or low in line with similar products in the sector. The probability of high demand for the new product is estimated to be 0.50 and the probability of being medium level is 0.30. It is anticipated that 2,000,000 units will be sold annually when demand is high, 1,500,000 units when demand is moderate and 1,000,000 units when low. The sales price of the new product will be 200TL / piece. The second alternative of the enterprise is to establish a new factory in order to increase its production capacity on the small plot next to the existing factory, where it produces its existing products, and there will be an investment cost of 4 million TL for the establishment of this factory. In this case, the production capacity of the existing products is planned to be 1,600,000 units. The sales price of the current product will be 210 TL / piece. Another alternative of the company is to make some changes in workplace layout and production technology with an investment of 1 million TL instead of establishing a new factory as in the second alternative in order to increase the production capacity of existing products. In this case, it is predicted that the production capacity will increase to 1,750,000 units. The sales price of the current product is determined as 180 TL / piece in this alternative.

Before making an investment decision, the enterprise can obtain information from an investment specialist by paying 1.500.000 TL. The expert will be able to offer three different views on the business's investment in buying new land and establishing a new factory; the investment is successful, an investment of medium profitability, or the investment fails. When the historical data on new product development investments are analyzed by establishing a new factory with similar features, the demand is high; It has been determined that the probability of the expert to give an opinion that the new investment will be successful is 60%, and that it will be an investment with a medium profitability is 25%. When the demand is at a medium level; the probability of the expert to present the view that the new investment will be successful is 30%, and the probability of presenting the opinion that it will fail is 5%. When the demand is low; the probability of the specialist to express an opinion that the new investment will be an investment with a medium profitability is 40%, and the probability of giving an opinion about an unsuccessful investment is 55%. Determine the decision that the business must make with the Decision Tree. Calculate the expected value of the additional information.

NOTE: In your calculations, take 4 digits after the comma (such as 0.7525).