1. Our company is considering investing $5 million in R D for a new product. There is a 50% chance the R D will lead to a viable product. If we come up with a new product, we can build a facility to manufacture it in. This would cost $20 million. Demand for the product is uncertain. We've identified three likely scenarios: Scenario Low Demand Medium High Revenue $25 million $35 $49 Probability 20% 30% 50% . Instead of making the product ourselves, another option is to sell the licensing rights to the product to another company. We can sell the rights for $12 million. Should we go ahead with the R D project? If it's successful, should we make the product ourselves or sell the rights