Your Company manufactures goods for a market in which the technology of the products is changing rapidly. The research and development department has produced a new product which appears to have potential for commercial exploitation. A further Rs. 60,000 is required for development testing. The company has 100 customers and each customer might purchase, at the most , one unit of the product. Market research suggests a selling price of Ts. 6000 for each unit with total variable costs of manufacture and selling estimated at Rs. 2000 for each unit. As a result of previous experience of this type of market, it has been possible to derive a probalility distribution relating to the proportions of customers who will buy the product, as follows: Proportion of customers: 0.04 0.08 0.12 0.16 0.20 Probability: 0.1 0.1 0.2 0.4 0.2 Determine Expected Opportunity Losses, given no further information than that stated above and state, whether or not, the company should develop the product.