The ABC Co. is considering a new consumer product. Managers believe that there is a probability of 0.4 that the XYZ Co will come out with a competitive product. II ABC adds an assembly line for the product and XYZ does not follow with a competitive product, ABC's expected profit is $40,000: if ABC adds an assembly line and XYZ follows suit, ABC still expects $10,000 profit. If ABC adds a new plant addition and XYZ does not produce a competitive product, ABC expects a profit of $600,000; if XYZ doe compete for this market, ABC expects a loss of $100,000. a. Determine the EMV of each decision b. Compute the expected value of perfect information