The following table shows the cost of producing your product using two different production technologies under two different situations. What is the EMV of the preferred option.

Alternatives

Situation $1$

Situation $2$

p

$\mathrm{.}3$

$\mathrm{.}7$

Tech $1$

$1,539$

$2,270$

Tech $2$

$1,289$

$3,056$