Application of Risk Analysis Problem: Your group is a decision-making team in your firm and is considering an estimated $10 million production expansion project. Estimates of key input factors are as following (all uniformly distributed): Market size: 100,000 to 350,000 tons Selling price: $375 to $575 Market growth rate: 0 to 6% per year Market share: 3% to 17% Total investment required: $7 million to $10.5 million Useful life of the new facility: 5 to 15 years Residual value of the facility: $3.5 million to $5 million o Operating costs: $320 to $550 per ton o Fixed costs: $250.000 to $375,000 per year o o o o o o o o o PLEASE FIND THE PROBABILITY OF LOSS ON INVESTMENT Application of Risk Analysis Problem: Your group is a decision-making team in your firm and is considering an estimated $10 million production expansion project. Estimates of key input factors are as following (all uniformly distributed): o O o o o o o o o OOOOOOO Market size: 100,000 to 350,000 tons Selling price: $375 to $575 Market growth rate: 0 to 6% per year Market share: 3% to 17% Total investment required: $7 million to $10.5 million Useful life of the new facility: 5 to 15 years Residual value of the facility: $3.5 million to $5 million Operating costs: $320 to $550 per ton Fixed costs: $250,000 to $375,000 per year PLEASE FIND THE PROBABILITY OF LOSS ON INVESTMENT