You are considering a new consumer product. You believe there is a probability of 0.6 that a company B will come out with a competitive product. If you add an assembly line for the product and company B does not follow with a competitive product, your expected profit is $30,000; if you add an assembly line and company B does follow, you still expect a $5,000 profit. If you add a new plant addition and company B does not produce a competitive product, you expect a profit of $200,000; if company B does compete for this market, you expect a loss of $50,000. (a) Determine the EMV of each decision. decision add assembly line 1 (b) Determine the EOL of each decision. Your answer (c) Calculate the EVPI