Elite Shipping Inc. a third-party logistics provider in Chennai, India, is planning to build a new warehouse to accommodate the increasing demand for its warehousing services. Mr. Venkatesh, the CEO of the company is not able to decide whether to build a small, large or medium-sized warehouse as future demand for the company's warehousing services is uncertain. If a small warehouse is built, and demand is low, the company will have a net payoff of $600,000. Nevertheless, if demand turns out to be high, the company has an option of expanding the existing warehouse of leasing the existing warehouse or leasing an additional facility. Expansion will provide a net payoff of $700,000, while the leasing option will have a net payoff of $400,000. If a medium-sized facility is built and demand turns out to be low, then the company will make $300,000. On the other hand, if demand turns out to be high, the net payoff will be $1 million. Building a large warehouse to begin with will have a net payoff of $3 million if demand is high. If demand turns out to be low, then by building a large warehouse, the company will incur a loss of $800,000