Current Demand (D) =100,000 units per year; 1000 square feet of warehouse space is required for every 1000 units. Current spot market price (p)=$1.20 per sq. ft. per year; Discount rate (k)=0.1, Revenue = $1.25 per unit of demand Two-year plan: Next year the demand (D) may go up by 20% with probability of 0.6 or go down by 20% with probability of 0.4. Similarly, the spot price (p) may go up by 10% with probability of 0.7 and go down by 10% with probability of 0.3. Answer the questions below properly in your homework: 1) Draw the decision tree with periods 0 and 1 for this case scenario with the corresponding probabilities on each branch of the tree. Also, please provide demand and spot prices on each node, 2) Calculate the expected profit that the company will make for a two-year plan by only buying at the spot market. (We do not want you to evaluate fixed lease or flexible lease options for this homework problem. The purpose of this exercise is simply to make sure you can correctly do all the calculations. Therefore, you are asked to work out only one case spot market pricing).