A company, a small manufacturerof photographic chemicalsis considering expanding in Toronto, Canada. The company is considering building one out of four types of plants (PLT1 to PLT4) based on various market demand situations.

Eachplantwhenbuiltwilloperateat its maximumcapacity. The total production cost and the selling price per liter of photographic chemicals are $ 10 and $ 15, respectively. If each plant produces more than the market demand, the company must dispose of the photographic chemicals through a waste management vendor at $3 per liter.

The expanded facilities will produce up to their maximum dailycapacity. The company has committed to satisfying the market demand up to its full daily productioncapacityfor each facility.The following tableprovidesinformation on the dailycapacityfor each plan, daily market demand, and the probability for each market demand.

You are the project manager for the expansion study.

Construct a payoff table for the various market demands and Plant alternatives(32 marks)