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Suppose that as a result of a research breakthough, Elektronix now has the chance to invest in a new technology that will significantly reduce their

Suppose that as a result of a research breakthough, Elektronix now has the chance to invest in a new technology that will significantly reduce their cost of production. This technology will reduce production costs by 50%, but it will cost the company 1 million dollars per year to use (independent of production levels). Whether Elektronix invests in the new technology or not, the payoff function for NovaCorp is unchanged, and we assume that they do not have the requisite knowledge to be able to invest in this new technology themselves. If we assume that NovaCorp knows whether or not company Elektronix has decided to invest in the new technology (and will act accordingly), should Elektronix invest in the technology or not? Justify your

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