Two projects, Project E and Project X, are forecasted to have different payoffs depending on level of demand. The level of demand could be high, medium or low. The probability that demand will be high is 20%, medium is 50%, and low is 30%. The payoffs are as follows: Level of demand Project E Project X High Medium Low 80,000 70,000 60,000 150,000 60,000 30,000 The utility model is as follows: Risk averse: U(x) = \V(x) Risk neutral: U(x)=V(x) Risk seeking: U(x)=(V(x))? Required: Using the expected utility criterion, which project will be chosen by a risk seeking decision-maker? Two projects, Project E and Project X, are forecasted to have different payoffs depending on level of demand. The level of demand could be high, medium or low. The probability that demand will be high is 20%, medium is 50%, and low is 30%. The payoffs are as follows: Level of demand Project E Project X High Medium Low 80,000 70,000 60,000 150,000 60,000 30,000 The utility model is as follows: Risk averse: U(x) = \V(x) Risk neutral: U(x)=V(x) Risk seeking: U(x)=(V(x))? Required: Using the expected utility criterion, which project will be chosen by a risk seeking decision-maker