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 Which alternative would they select for each approach given below (40 points, 10 points each)? Question 2. Remember that when making decisions under uncertainty, one approach is for risk takers and one is for those who are risk adverse. If the outcome was important to you, which approach would you choose and why? There is no correct answer, this question is meant for you to think about your own approach to decision making (13 points) Question 3. Given the probabilities for each of the options happening, complete the Expected Monetary Values (EMV) under Risk table below (42 points, 7 points each). Do not use commas in your answers, they will be added for you. Question 3-b (5 points) Which option do we select