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 $1,000,000s) given that interest rates will decline, remain stable, or increase, are shown in the following payoff table: Interest Rate Decline Stable Increase Project Office park Office building Warehouse Mall Condominiums $0.5 1.5 1.7 0.7 3.2 $1.7 1.9 1.4 $4.5 2.5 1.0 3.6 0.6 2.4 1.5 Determine the best investment, using the following decision criteria. (3 points each) a. Maximax b. Maximin c. Equal likelihood d. Huwicz (a = 0.3) e. Minimax regret