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QUESTION 4 Consider the following payoff table. What is the expected monetary value of subcontract production? (Note: enter a number with no decimal figure (e.g. 12345). \begin{tabular}{|l|c|c|} \hline & \multicolumn{2}{|c|}{ States of Nature } \\ \hline \multicolumn{1}{|c|}{ Decision } & $\begin{array}{c}\text { High } \\ \text { Demand } \\ (0.6)\end{array}$ & $\begin{array}{c}\text { Low } \\ \text { Demand } \\ (0.4)\end{array}$ \\ \hline Expand Facilities & $\$ 2,000,000$ & $-1,250,000$ \\ \hline $\begin{array}{l}\text { Acquire Competitor } \\ \text { Subcontract } \\ \text { Production }\end{array}$ & 750,000 & $-500,000$ \\ \hline \end{tabular}

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