The directors of Fintry Fashions plc are considering building a new factory in Qingdao, China to produce clothing for the Western European market. To date, the company has invested 500,000 in researching the project and in obtaining the licences necessary to build the factory. The factory will cost 16 million to build and take one year to complete. The factory will be operational in the second year and estimates of the likely cash flows from the factory and their probability of occurrence are as follows:

	Estimated Net Cash Flows	Probability
Year 2	8.0 million 12.0 million	0.4 0.6
Year 3	5.0 million 9.0 million 14.5 million	0.2 0.3 0.5

Net cash flow estimates for each year are independent of each other and at the end of the third year it is anticipated that the project will cease with the Chinese Government agreeing to pay for any costs associated with the closure of the factory.

Represent the problem on a decision tree.