Can you please explain this process.

Cold Duck Manufacturing Inc. Co. is planning to add a new product line to make iToys. However, Cold Duck Manufacturing Inc. is considering the abandoning the project if the demand for the new product is low. In the following decision tree table, (1), (2) and (3) represent decision points, also known as decision nodes or stages. The dollar value to the right decision node represents the net cash flow at that point, and the cash flows shown under t = 3, 4, and 5 represent the cash inflows if the project is to completion. If cold Duck Manufacturing Inc. Co. decides to launch the new line for iToys of stage (1), then it will spend $20,000 on the marketing study. If the study yields positive results, then the firm will spend $100,000 on the prototype. If the prototype works well, then the firm will spend several millions Stage (3) to build a production plant. Suppose that as an analyst at Cold Duck Manufacturing Inc. you have be to analyze sequential decisions. By studying the following decision tree, you learn of the following? Check all that apply. If the project is canceled after Stage (1), Cold Duck Manufacturing Inc.'s costs will be $10,269,000. There is a 50% probability of the pilot project yielding good results. There is a 10% probability that investment in a production plant will yield bad results. There is a 85% probability of the pilot project yielding good results. Complete the decision tree table by calculating the net present values (NPVs) and joint probabilities, as well as products of joint probabilities and NPVs for each decision branch. Assume that the weighted average cost of capital (WACC) is 10% for all decision. Note: All cash amounts in the following table are in thousands of dollars