A manufacturing company is considering investing in a new production technology. The new technology has a potential return of $1,000,000 with a probability of 70% and a potential loss of $500,000 with a probability of 30%. The company estimates that the cost of capital for this project is 10%. However, the company believes that there is a 20% chance that the potential loss could be higher than $500,000, with a maximum potential loss of $1,000,000. If the company decides to proceed with the project, what is the expected value of the project, and how can the company manage the additional risk?