The ABC Company is planning to lease warehouse space on the spot market for the next two years. The details for their current operations are as follows: 1. Each product unit store requires 1.18 square feet of warehouse space. 2. Current Demand = 50,000 units. 3. Current warehouse space spot market price = $1.59 per square foot per year. 4. Current product sale price = $6 per unit. The following uncertainty exists for the second year of operations: 1. Demand may increase by 17% with a probability of 0.75 or may decrease by 10% with a probability of 0.25. 2. Warehouse space price may increase by 6% with a probability of 0.70 or may decrease by 10% with a probability of 0.30