Question: please provide all steps 8. (10 Points for this question) YOUR FIRST BIG PROJECT. YOUR REAL ESTATE DEVELOPMENT COMPANY HAS BEEN VERY IMPRESSED WITH YOUR
please provide all steps
8. (10 Points for this question) YOUR FIRST BIG PROJECT. YOUR REAL ESTATE DEVELOPMENT COMPANY HAS BEEN VERY IMPRESSED WITH YOUR WORK PERFORMANCE, PROFESSIONALITY, AND MOST OF ALL YOUR ABILITY TO MAKE INFORMED BUSINESS DECISIONS. SO, YOU HAVE BEEN ASSIGNED THE NEW 'AGUA FRIA' RESIDENTIAL HOUSING DEVELOPMENT IN SANTA FE. A PREUMINARY INFORMATION GATHERING PROCESS HAS BEEN DONE. IF YOU BUILD A SMALL DEVELOPMENT AND DEMAND IS STRONG FOR YOUR HOUSES, YOU WILL YEILD A PROFIT OF $10M, AND, IF DEMAND IS WEAK, THE PROFIT WILL BE $6M. IF YOU BUILD A MEDIUM DEVELOPMENT AND DEMAND IS STRONG FOR YOUR HOUSES, YOU WILL YEILD A PROFIT OF \$12M, AND, IF DEMAND IS WEAK, THE PROFIT WILL BE \$5M. IF YOU BUILD A LARGE DEVELOPMENT AND DEMAND IS STRONG FOR YOUR HOUSES, YOU WILL YEILD A PROFIT OF \$30M, AND, IF DEMAND IS WEAK, THE PROFIT WILL BE NEGATIVE \$10M. CONSTRUCT A PAYOFF TABLE FOR THIS PROJECT. IF YOU TAKE THE OPTIMISTIC APPROACH WHAT WOULD YOUR DECISION BE? WHAT ABOUT A CONSERVATIVE APPROACH
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