Start R&D Project ($5 million), Do Not Start the R&D Project Successful 3 0.5 Not Successful 0.5 High Demand Profit ($ millions) 34 0.5 Building Facility ($20 million) Medium Demand 20 0.3 Sell Rights Low Demand 10 0.2 20 What is the expected value at node 2? $20 million $7.5 million $10 million $15 million