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Chris Suit is administrator for Lowell Hospital. She is trying to determine whether to build a large wing on the existing hospital, a small wing,

Chris Suit is administrator for Lowell Hospital. She is trying to determine whether to build a large wing on the existing hospital, a small wing, or no wing at all. If the population of Lowell continues to grow, a large wing could return $150,000 to the hospital each year. If a small wing were built, it will return $60,000 to the hospital each year if the population continues to grow. If the population of Lowell remains the same, the hospital would encounter a loss of $27,000 with a large wing and a loss of $9,700 with a small wing.There is a .45 chance of no population growth. The capital expenditure for the Large Wing is $75,000, for the Small Wing $29,000.
d. What choice, based on EMV, should Chris make? [Blank4]

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