Consider the example in Figure 3-4 in the Appendix to this chapter. What would be the expected value of perfect information if the loss would be $1 million instead of $2.5 million? How about if the loss would be $10 million instead of $2.5 million? What would it be if the probability of failure would be .2 instead of .4? Explain in words what is meant by the expected value of perfect information and what its implication is.