4.11 A corporate raider contemplates the future of a recent acquisition. Three alternatives are being considered in two states of nature. The payoff table is below. a. Determine the best decision without probabilities using the 5 criteria of the chapter. b. Determine best decision with probabilities assuming .70 probability of good conditions, .30 of poor conditions. Use expected value and expected opportunity loss criteria. c. Compute expected value of perfect information. d. Develop a decision tree with expected value at the nodes