Cost Min: A project has estimated the following payoff table. Determine the best decision using the following criteria. 1. Maximax (2 marks) 2. Maximin (2 marks) 3. Hurwicz, a = 0.35 (3 marks) 4. Minimax Regret (3 marks) 5. EVPI (3 marks) You can use the HTML Editor to enter your answer in tables. You can also insert images. States of Nature Decisions State 1 State 2 State 3 State 4 Probabilities 0.30 0.20 0.25 0.25 FAC 1 23,560 58,000 56,100 -24,500 FAC 2 27,000 33,000 27,000 58,050 FAC 3 52,200 54,200 53,200 24,000