Simons Island, Georgia. The company is trying to decide between building a small, medium, or large development. The payoffs received for each size of development will depend on the market demand for condominiums in the area, which could be low, medium, or high. The payoff matrix for this decision problem is: Market Demand Size of Development Low Medium High Small 400 400 400 Medium 200 500 500 Large -400 300 800 (Payoffs in $1000s) The owner of the company estimates a 21.75% chance that market demand will be low, a 35.5% chance that it will be medium, and a 42.75% chance that it will be high. a. What decision should be made according to the maximax decision rule? b. What decision should be made according to the maximin decision rule? c. What decision should be made according to the minimax regret decision rule? d. What decision should be made according to the EMV decision rule? e. What decision should be made according to the EOL decision rule