Question 2 (35 marks) A commercial movie producer CMP is evaluating a script offered by a new movie director Mr. Mod. In the commercial movie industry, it is well-known that a new director's work has only 20% chance of success. If CMP's investment in making a movie by adopting Mr. Mod's script is successful, then it will generate a net profit of $20,000,000 to CMP. Otherwise, it will incur to CMP a net loss of $7,000,000 if failed. CMP is also considering whether to hire an independent movie critic IMC to peruse Mr. Mod's script and to assess the chance of success of investing in making a movie by adopting Mr. Mod's script. IMC maintains quite good records of 75% and 80% correct predictions of successful and unsuccessful movies. IMC demands a charge of $1,000,000 for conducting this assessment job. By estimating the expected monetary value of acquiring IMC's service, advise whether CMP should hire IMC. (All answers are to be either in integers or rounded to 2 decimal places.)