The total demand for polypropylene, a type of plastic, in North America is approximately 11 billion pounds. H. Patrick Jack, VP of Fina Oil & Chemical Co., predicts (based on the previous 10 years) that total demand will grow anywhere between 5 and 8 percent annually. The total capacity is currently 12.3 billion pounds. In addition, a total of 4.5 billion pounds of new capacity is under construction by eight companies in eight locations and will be ready for production within the next four years. Would total capacity be enough to meet expected demand four years from now?2