June 15, 2018Week 7Homework17.1: You’re the manager of global opportunities for a U.S. manufacturer, who is considering expanding sales into Asia. Your market research has identified the market potential in Malaysia, Philippines, and Singapore as described next:Success LevelBigMediocreFailureMalaysiaProbability.3.3.4Units1,200,000600,0000PhilippinesProbability.3.5.2Units1,000,000320,0000SingaporeProbability.7.2.1Units700,000400,0000The product sells for $10 and has unit costs of $8. If you can enter only one market, and the cost of entering the market (regardless of which market you select) is $250,000, should you enter one of these markets? If so, which one? If you enter, what is your expected profit?