The lease of Theme 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 town planning band 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 as shown on the following page. Construct a graph that can be used for sensitivity analysis. a. How sensitive is the solution to the problem in terms of the probability estimate of .35 ? b. Suppose that, after consulting with a member of the town planning board, management decides that an estimate of approval is approximately .45. How sensitive is the solution to this revised estimate? Explain. c. Suppose the management is confident of all the estimated payoffs except for $4 million. If the probability of approval is .35 , for what range of payoff for renew/reject will the alternative selected using the maximum expected value remain the same