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,

tornadoes, 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 $3\%.$ 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

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.

Find the EMV for alternatives using $1,2,$ or $3$ suppliers.

Enter your response rounded to the nearest whole number.$)$

EMV$(2)=$$$,($Enter your response rounded to the nearest whole number.$)$

EMV$(3)=$$$,($Enter your response rounded to the nearest whole number.$)$

Based on the the EMV value, the best choice is to use