The national sales manager for "I colored this" (ICT) T-shirts provides all salespersons with the payoff table shown next,giving the estimated profit when a retailer purchases from one to four dozen T-shirts. The probability of demand for each state of nature is also shown. 
What is the value of perfect information if the expected payoff is $180?
Definitions:
Return on Assets Ratio
A financial ratio that indicates how profitable a company is relative to its total assets, measuring how efficiently assets are being used to produce profit.
Total Asset Turnover
A measure of a company's efficiency in using its assets to generate sales or revenue.
Gross Profit Percentage
A financial ratio that expresses a company's gross profit as a percentage of net sales, indicating the efficiency of production and sales activities.
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