BK Books is an online book retailer that also has $10,000$bricks and mortar$$

outlets worldwide. You are a risk$-$neutral manager within the Corporate

Finance Division and are in dire need of a new financial analyst. You only

interview students from the top MBA programs in your area. Thanks to your

screening mechanisms and contacts, the students you interview ultimately differ only with respect to the wage that they are willing to accept. About $5$ percent of acceptable candidates are willing to accept a salary of $$60,000,$ while

$95$ percent demand a salary of $$110,000.$ There are two phases to the interview process that every interviewee must go through. Phase $1$ is the initial

one$-$hour on$-$campus interview. All candidates interviewed in Phase $1$ are also

invited to Phase $2$ of the interview, which consists of a five$-$hour office visit.

In all, you spend six hours interviewing each candidate and value this time at

$$750.$ In addition, it costs a total of $$4,250$ in travel expenses to interview

each candidate. You are very impressed with the first interviewee completing

both phases of BK Books$$s interviewing process, and she has indicated that

her reservation salary is $$110,000.$ Should you make her an offer at that salary

or continue the interviewing process? Explain