Question $1.$ The lease of Florida Wimsey Park, Inc., is about to expire. Management must decide whether to renew the lease for another $10$ years or to relocate near the site of a proposed motel. The city planning board is currently debating the merits of granting approval to the motel. A consultant has estimated the net present value of Theme Park's two alternatives under each state of nature $($options$)$ as shown

$\backslash$table$[[,$Options$],[$Alternatives$,$Motel Approved,Motel Rejected$],[$Renew$,$$$500,000,$$$3,000,000$