Please answer the following questions, thank you

ABC Co is considering the launch of a new widget. If the product goes directly to the market, there is a 50% chance of success. For $500,000, the manager can conduct a focus group to increase the probability of success to 65%. Alternatively, the manager can pay a consulting firm $3,000,000 to research the market and refine the product. The consulting firm successfully launches new products 75% of the time. If the firm successfully launches the widget, the payoff will be $20 million. If the product is a failure, the NPV is $0.

19. Calculate the expected NPV if the managers go directly to the market.

20. Based on your analysis, ABC should:

hire the consulting firm conduct a focus group cannot be determined take the product directly to market