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Business, 01.06.2021 21:40 sindy35111

Draw a decision tree and indicate what the professor should do. Use net two-year savings for your tree’s payoffs (tax dollars saved less any legal expenses), do not discount anything, and assume 2.75% as the City’s tax rate for both years. Make sure to indicate the professor’s overall expected tax savings based on his decisions, and indicate his optimal decisions in the tree using bold lines. (Use the standard expected value approach throughout).

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