Based on the tables given below, answer the questions that follow.

Risk	Probable Impact (in $ Million)	Probable Velocity	Non-Financial Impact
Risk 1: Data hacking, which could lead to a breach and loss of data	1.7 to 1.9 million	High	Loss of data security
Risk 2: Use of old technology saws, which leads to 15% raw material wastage	3.1 to 3.4 million	Low	Probable loss of employee branding
Risk 3: Pandemic induced market depression, which could lead to reduced sales	4.5 to 4.7 million	Medium	Loss in motivation for the sales team
Risk 4: New regulations on working shifts that could lead to shutting down of night shift working in factories	2.4 to 2.6 million	High	Lay-offs of night shift workers
Risk 5: End customers preferring biodegradable plastic packaging, which might impact the current product line	0.6 to 0.8 million	Low	No growth in brand value

Impact Scale	Probable Impact (in $ Million)
1	0-0.9 million
2	1.0-1.9 million
3	2.0-2.9 million
4	3.0-3.9 million
5	4.0 million and above

Question 1. (15 marks)

1. Find the impact rating for each of the risks in the 'Calculate Impact' sheet of the template provided. (5 marks)
2. Calculate the average likelihood of the risks in the 'Calculate Likelihood' sheet of the template provided. (5 marks)
3. Using the values of Likelihood and Impact in the 'Likelihood - impact table' sheet of the template provided, plot the risks on the heat map, which is also provided in the 'Likelihood - impact table' sheet. (5 marks)