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please include EMV(2), (3) , and based in the EMV value what the best is to use a. one supplier , b. two, c. three

please include EMV(2), (3) , and based in the EMV value what the best is to use
a. one supplier , b. two, c. three image text in transcribed
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 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 supplier is $14,800 per year, how many suppliers should Witt Input Devices use? Assume that up to three nearly identical local suppliers are available. Find the EMV for alternatives using 1,2, or 3 suppliers. EMV(1)=$ (ET.ter your response rounded to the nearest whole number.)

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