Homework: Assign #4 Ch 5 Question 5, Problem 5.22 HW Scom: 40%, 4 of 10 points O Points: 0 of 3 Save Part 1 of 4 de A Box Engineering designs and constructs air conditioning and heating (HVAC) systems for hospitals and clinics Currently the company's staff is ownloaded with design work. There is a major design project due in 8 weeks. The for completing the design late is $14,000 per week, since any delay will cause the facility to open later than anticipated, and cost the client significant revenue the company uses its inside engineers to complete the design will have overome for all work Sox has estimated that it will cost $13,000 per week (wages and overhead), including late weeks, to have company engineers complete the design Box is also considering having an outside engineering fo hid of $85,000 has been received for the completed design. Yet another option for completing the design is to conduct a joint design by having a third engineering company complete al electromechanical components e $54.000 Sox would then complete the rest of the design and control systems at an estimated cost of $30,000. Sex has estimated the following probabilities of completing the project within various options. Those estimates are shown in the following table Three Weeks Late Option Internal Engineers Extermal Engineers Joint Design On Time 0.3 02 0.1 Probaty of Completing the Design One Week Late Two Wooks Late 03 02 03 04 02 The expected monetary value using inside engineers to complete the design is (Enter your response as an integer) 30044
