Pao Ltd makes three products, PM 18, PQ i4 and PR 19. Due to limited resources, the management are now faced with choosing to make only one of the three products to meet customers' needs in the short term. Current information indicates the following possible pay offs for each product under three possible scenarios as shown below: Scenarios A Probability 0.5 0.1 0.4 Expected payoffs () PM 18 PQ 14 120,000 30,000 60,000 110,000 50,000 - 15000 PR i9 15,000 100,000 60,000 B C b) How much should the management of Pao Ltd pay for the perfect information and to make the perfect decision each time