When a missile is fired from a ship, the probability that it is intercepted is 1/3 and the probability that the missile hits the target, given that it is not intercepted, is 3/4 . If three missiles are fired independently from the ship, then the probability that all three hit the target, is :
(1) 1/27
(2) 3/4
(3) 1/8
(4) 3/8