Question: Problem 5 - 9 ( Algo ) A builder has located a piece of property to buy and eventually build on . The land is

Problem

5 - 9 (

Algo

)

A builder has located a piece of property to buy and eventually build on

.

The land is currently zoned for four homes per acre, but new zoning can be requested. What is built depends on approval of zoning requests and your analysis of this problem as an advisor. With the builder's input and your help, the decision process has been reduced to the following costs, alternatives, and probabilities:

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