Shape Shifter Aerospace Company has an NC Milling Machine that it uses on its factory floor. They can sell it in the open market for a net p conditions. Management has suggested two other alternatives for improving the machine. The first alternative involves investing capital on a new CPU hard drive for the miller. The second alternati involves the same capital, but entails the purchase of an automated arm for enhanced The profits depend on the state of the economy, either strong or moderate. The payoffs are shown below: 5) The rofit of $ 91,000. That selling price is not a strong function of economic precision applications ALTERNATIVE STRONG ECONOMY MODERATE ECONOMY Selling Hard Drive Automated Arm $100,000 $160,000 $ 80,000 $ 60,000 a) What alternative is preferred according to the Maximax criteria ? b) What alternative is preferred according to the Maximin criteria ? c) If there is level of optimism of 30% in the economy, what alternative would be the best choice ? d) At what level of optimism is the decision indifferent to the choice between hard drive and automated arm? (30 pts)