i". 1it'our IT consulting company is trying to decide which of four projects to bid. Information on each is in the table below. Assume that all uptront investments are not recovered, so theirr are shown as negative prots. Draw a diagram and calculate the expected monetary value {EMV} for each project. Write a paragraph explaining which project[s} vou would choose to bid. Chance of Estimated Outcome Prot sow $12D, S'u $5, Project Project 1 30% $1, Project 2 40's. $5, ad's. ${l, _ Tova sedans PM\" 3 30% $5,U 30% $4o,doo 30% $3D, 2m!\" $2, 20% $543,er Project 4