A case study of Australian Paper Manufacturing is attached as the basis to answer the following questions below. You have to propose what would be their short- and long-term capacity expansion plan to remain competitive in the paper industry. a) What are their options for short-term capacity expansion? Provide calculation to suggest your recommendation b) To anticipate future demand, APM has long-term option to expand to by having a new paper machine with 150,000 tons capacity. However, APM should anticipate the response from their competitor PCA to APM capacity decision (1) Is it profitable for APM to expand their capacity to 150,000 tons of paper per year? (2) Analyze the risk if both (APM and PCA) expand, APM not expand but PCA expand, APM expand and PCA not, and both do not expand