You are a risk manager for a construction company, and you need to assess the potential risks and losses associated with a new construction project. The project has a budget of $10 million, and you estimate that there is a 10% chance that the project will go over budget by 20%, a 20% chance that it will go over budget by 30%, and a 30% chance that it will go over budget by 40%. What is the expected loss of the project, and what is the probability that the loss will exceed $1 million?