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Joe has plans to open some pizza restaurants, but he is not sure how many...

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Accounting

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Joe has plans to open some pizza restaurants, but he is not sure how many to open. He has prepared a payoff table to help analyze the situation. Nick believes there is a 40 percent chance that the market will be good, a 40 percent chance that it will be fair, and a 20 percent chance that it will be poor. A market research firm will analyze market conditions and will provide a perfect forecast (they provide a money back guarantee). What is the most that should be paid for this forecast (perfect information)? $184,00 100.000 72,000 84,000 None of the above

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