fou are considering to invest in either project AA, BB, CC or DD. The payoffs or returns for these projects depend on the future market situation. Thre are only 4 possibilities of future market situations and only one will occur. The 4 future market situations are: 1. Highly Favorable; 2. Favorable; 3. Unfavorable; and 4. Highly Unfavorable The fol lowing is the payoff table: Project Highiyfavar'abl'e Highly unfavorable -300 Project .'Highiy Favorable Unfavorable Highly Max regret fairorabl'e unfavorable f1 m