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What's the expected payoff will be $? The owner of Pearl Automotive Dealers is trying to decide whether to expand his current facility. If he

What's the expected payoff will be $?

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The owner of Pearl Automotive Dealers is trying to decide whether to expand his current facility. If he expands and customer demand turns weak, there is a chance he could lease part of his newly constructed facility to another dealer. If he doesn't expand and strong demand occurs, he could attempt to lease another facility across town. What is the best set of decisions and the expected payoff? Click the icon to view the decision tree. The best decision is to " Expand facility " and if " Weak Product Demand" occurs, choose " Do not lease new facility ." The expected payoff will be $ . (Enter your response as a whole number.) i More Info - X Strong Demand 45% $2,900,000 Property is Leased Aver. Demand $1,400,000 (15%) $440,000 Expand 30% Lease New Facility Property is not Facilities Weak Demand $140,000 2 Leased (85%) 1 25% Do not Lease New Facility $240,000 Strong Demand Property is Leased $1,800,000 Do not Expand 45% 3 Lease New Facility (15%) Facilities Aver. Demand Do not Lease New Facility $1,100,000 30% $1,300,000 Property is not $900,000 Leased (85%) Weak Demand 25% $450.000 Print Done

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