uestion 13 4 points Save Answer A landowner is thinking to start a new car washing business in his own site. If he does so, the infrastructure development will cost him $100k, getting the license will cost him $50k but expects to make a gross profit of $300k. He has 50% chance of making profit from this business. A local businessman (81) offers the landlord $300k for using his site with the infrastructure. If B1 makes profit in his first year, he will also pay another $100k. Another local businessman (B2) offers $250k for using the site with infrastructure and $150k, if he can make profit in the first year of business B1 and B2 both have 75% chance of making profit in their first year of business. Show the Payoff table and EMV for each decision. What is your reconimendation to the landowner? TT T Arial 3 (121) * HE BE uestion 13 4 points Save Answer A landowner is thinking to start a new car washing business in his own site. If he does so, the infrastructure development will cost him $100k, getting the license will cost him $50k but expects to make a gross profit of $300k. He has 50% chance of making profit from this business. A local businessman (81) offers the landlord $300k for using his site with the infrastructure. If B1 makes profit in his first year, he will also pay another $100k. Another local businessman (B2) offers $250k for using the site with infrastructure and $150k, if he can make profit in the first year of business B1 and B2 both have 75% chance of making profit in their first year of business. Show the Payoff table and EMV for each decision. What is your reconimendation to the landowner? TT T Arial 3 (121) * HE BE