Question 4: (12 marks) (C2, C3) Part A: (4 marks) A company wishes to go ahead with one of three mutually exclusive projects, but the profit outcome from each project will depend on the strength of sales demand, as follows. Strong demand profit Moderate demand profit $ Weak demand profit (loss) $ $ 70,000 Project 1 Project 2 Project 3 25,000 50,000 10,000 12,000 20,000 (7,000) 5,000 (6,000) 0.1 Probability of demand 0.4 0.5 Instructions: What is the value to the company of obtaining this perfect market research information, ignoring the cost of obtaining the information