1. The problem asks for the Expected Value of Perfect Information (EVPI). 2. EVPI is calculated as the difference between the expected monetary value (EMV) with perfect information and the EMV without information. 3. Given: - EMV without information = $75000 - EMV with perfect information = $92000 4. Calculate EVPI: $$ \text{EVPI} = \text{EMV with perfect information} - \text{EMV without information} $$ $$ \text{EVPI} = 92000 - 75000 = 17000 $$ 5. Therefore, the expected value of perfect information is $17000.