Philip Witt, president of Wit Input Devices, wishes to create a portfolio of local suppliers for his new line of keyboards. As the suppliers all reside in a location prone to hurricanes, tomadoes, flooding, and earthquakes, Phillip believes that the probability in any year of a "super-event that might shut down all suppliers at the same time at least 2 weeks is 2% Such a total shutdown would cost the company approximately $450,000. He estimates the unique-event risk for any of the suppliers to be 5% Assuming that the marginal cost of managing an additional suppler is $14.800 per year, how many suppliers should Wit Input Devices use? Assume that up to three n identical local suppliers are available Find the EMV for athematives using 1, 2, or 3 suppliers EMV(1) EMV(2)-S (Enter your response rounded to the nearest whole number) (Enter your response rounded to the nearest whole number) EMVC) (Enter your response rounded to the nearest whole number) Based on the the EMV value, the best choice is to use Two suppliers three supplers Phillip Witt, president of Witt Input Devices, wishes to create a portfolio of local suppliers for his new line of keyboards. As the suppliers all reside in a location prone to hurricanes, tomade the probability in any year of a "super-event" that might shut down all suppliers at the same time at least 2 weeks is 2%. Such a total shutdown would cost the company approximately $4 of the suppliers to be 5%. Assuming that the marginal cost of managing an additional supplier is $14,800 per year, how many suppliers should Witt Input Devices use? Assume that up to Find the EMV for alteratives using 1, 2, or 3 suppliers. EMV(1)=S EMV(2) $ EMV(3)=$ (Enter your response rounded to the nearest whole number.) (Enter your response rounded to the nearest whole number.) (Enter your response rounded to the nearest whole number.) Based on the the EMV value, the best choice is to use suppliers for his new line of keyboards. As the suppliers all reside in a location prone to hurricanes, tornadoes, flooding, and earthquakes, Phillip believes that at the same time at least 2 weeks is 2%. Such a total shutdown would cost the company approximately $450,000. He estimates the "unique-event risk for any ditional supplier is $14,800 per year, how many suppliers should Witt Input Devices use? Assume that up to three nearly identical local suppliers are available