A commercial movie producer CMP is evaluating a script offered by a new movie

director Mr. Mod. In the commercial movie industry, it is well-known that a new

director's work has only 20% chance of success. If CMP's investment in making a

movie by adopting Mr. Mod's script is successful, then it will generate a net profit

of $20,000,000 to CMP. Otherwise, it will incur to CMP a net loss of $7,000,000

if failed. CMP is also considering whether to hire an independent movie critic

IMC to peruse Mr. Mod's script and to assess the chance of success of investing in

making a movie by adopting Mr. Mod's script. IMC maintains quite good records

of 75% and 80% correct predictions of successful and unsuccessful movies. IMC

demands a charge of $1,000,000 for conducting this assessment job. By estimating

the expected monetary value of acquiring IMC's service, advise whether CMP

should hire IMC.