Bascomb's Candy is considering the introduction of a new line of products. To produce the new line, the bakery is considering either a major or minor renovation of the current plant. The market for the new line of products could be either favorable or unfavorable. Bascomb's Candy has the option of not developing the new product line at all.

With major renovation, at Bascomb's Candy, the payoff from a favorable market is $$100,000,$ and $-$$$90\mathrm{.}000$ from an unfavorable market. Minor renovations and a favorable market has a payoff of $$40,000$ and a loss of $$20,000$ for an unfavorable market.

$($a$)$ Assuming that a favorable market and an unfavorable market are equally likely, develop the decision tree.

$($b$)$ Compute EMV$1.$

$($c$)$ Compute EMV$2.$