Can you kindly assist and show all working step by step on how you got each answer. also for any formulas used can you kinldy include it . i would really appreaciate it. no excel also.

2. Al and Beck have lmown each other since high school. Two years ago they entered the same university and today they are taking undergraduate com'ses in the business school. Both hope to graduate with degrees in nance. In an attempt to make extra money and to use some of the knowledge gained from their business courses1 A] and Beck have decided to look into the possibility of starting a small company that would provide word processing services to students who needed term papers or other reports prepared in a professional manner. Using a systems approach, Al and Beck have identied three strategies. Strategy 1 is to invest in a fairly expensive microcomputer system with a high-quality laser printer. Strategy 2 is to purchase a less expensive system. Their nal strategy, strategy 3, is to do nothing. The following table summarizes the payoffs under two distinct market mnditions. Before embarking on their new end-Iv our, they decided to perform a sensitiv ity analysis to avoid possible misfortunes. This led them to the following system of Favorable UnFavorable Alternative Market (5} Market (0} Strategy 1 10 000 -3 000 equations: Strategy 2 3 000 -4 mg EM V1 = 1300013 3000 EMl = 1200013 4000 Strategy 3 0 0 EMm=u (a) On a single graph, sketch all lines. [1'0 pts] (b) Determine when it is more reasonable to choose the first strategy. [10 pts]