Even though independent gasoline stations have been having a difficult time, Susan Solomon has been thinking about starting her own independent gasoline station. Susans problem is to decide how large her station should be. The annual returns will depend on both the size of her station and a number of marketing factors related to the oil industry and demand for gasoline. After a careful analysis, Susan developed the following table: GOOD FAIR POOR SIZE OF MARKET MARKET MARKET FIRST STATION ($) ($) ($) Small 50,000 20,000 10,000 Medium 80,000 30,000 20,000 Large 100,000 30,000 40,000 Very large 300,000 25,000 160,000

(a) What is the maximum amount that should be paid for a perfect forecast of the market?