Question: A real estate development firm is considering several alternative development projects. These include building and leasing an office park, purchasing a parcel of land and

 A real estate development firm is considering several alternative development projects.

A real estate development firm is considering several alternative development projects. These include building and leasing an office park, purchasing a parcel of land and building an office building to rent, buying and leasing a warehouse, building a strip mall, and building and selling condominiums. The financial success of these projects depends on interest rate movement in the next 5 years. The various development projects and their 5 -year financial return (in $1,000,000 s) given that interest rates will decline, remain stable, or increase, are shown in the following payoff table: Please answer the following questions. Question 1 5 pts Determine the best investment option using the Hurwicz criteria with =0.3. office building office park mall warehouse condominiums Question 2 5 pts Determine the best investment option using the maximin decision criteria. office building condominiums mall office park warehouse

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