this an excel assignment

could you write the instructions to do it

It is presidential election year. US tech firm Texas Devices Inc is seeking expansion for its products to the US market or to the European Union (EU) market.

Presidentail candidate Johnson has pro global-trade policies that would benefit US exports to EU. Candidate Smith on the other hand has policies viewed as protectionist and would benefit an expansion to the US market. Current polls show Johnson with 60% of the vote and Smith with the remaining 40%. Assume the probability that Johnson wins the election is 0.60.

Because any expansion is gradual, the company will obtain the highest payoff if it starts expanding now to the right market. Due to capital constraints, the company cannot expand to both markets.

As a result, the company is considering 4 investment alternatives:

1. Start Expansion To EU Now. If Johnson gets elected, payoff $230. Under Smith, payoff loss $-80

2. Start Expansion After Elections. Payoffs: Under Johnson (Expansion to EU) payoff $180. Under Smith (Expansion to US) payoff $130.

3. Start Expansion to US Now. If Johnson gets elected, payoff $30. Under Smith, payoff $150

4. Do Not Expand. Payoffs: Under Jonson $0, under Smith $0.

Tasks
	Construct the payoff table with the 4 alternatives, and, using the Expected Value approach, obtain the Optimal Decision and
	corresponding Expected Value. Show work in yellow area below
	Conduct a sensitivity analysis using Excel's Data Table, with similar columns to the ones we developed in class:
	-First column: Prob of Johnson Wins, with values ranging from 0 to 1 by .1 increments
	-Second column: Optimal Decision
	-Third column: Expected Value
	Place Sensitvity Table inside the yellow area below