Question
Benjamin Moses, chief engineer of Offshore Chemicals, Inc., must decide whether to build a new processing facility based on an experimental technology. If the new
Benjamin Moses, chief engineer of Offshore Chemicals, Inc., must decide whether to build a new processing facility based on an experimental technology. If the new facility works, the company will realize a net profit of $13 million. If the new facility fails, the company will lose $10 million. Benjamin's best guess is that there is a 40 percent chance that the new facility will work. What decision should Benjamin Moses make? Part 2 Since the expected payoff for building a new facility is $ enter your response here, Benjamin Moses should not build build . (Enter your response as an integer and include a minus sign if necessary.)
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