What is the Economic profit per month of alternative A? What cognitive biases should Foster be on the lookout for during the decision making process? Explain your reasoning.
1. Use your analysis to justify the bank loan application for the recommended alternative.
2. What risks would Foster and the bank consider in evaluating the investment?
3. What cognitive biases should Foster be on the lookout for during the decision making process? Explain your reasoning.
4. What is the Economic profit per month of alternative A?