Question: Please show work so I can understand how you got the answer. Thank you :-) Real Estate Inc. is a major multinational corporation engaged in

Please show work so I can understand how you got

Please show work so I can understand how you got the answer. Thank you :-)

Real Estate Inc. is a major multinational corporation engaged in developing several projects like building shopping malls, buying and selling warehouses, and building and selling condominiums. The financial success of real Estate Inc. depends upon the movement of interest rates in the next ten years. The various projects and their ten-year financial returns ($ millions) given interest rates will decline, remain stable, or increase are shown in the following payoff table: Interest Rates Project Decline Stable Increase Office building 0.5 1.7 4.5 Parking lot 1.5 1.9 2.4 Warehouse 1.7 1.4 1.0 Shopping mall 0.7 2.4 3.6 0.6 Condominiums 3.2 1.5 Determine the best investment using the following investment criteria: a. Maximax (20 points) b. Maximin (20 points) c. Laplace (20 points) d. Minimax regret (40 points)

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