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The lease of Theme Park, Inc., Is about to explre. Management must decide whether to renew the lease for another 10 years or to relocate

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The lease of Theme Park, Inc., Is about to explre. 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 board is currently debating the merits of granting approval to the motel. A consultant has estumated the net present value of Theme Park's two alternatlves under each state of nature as shown below. What course of actlon would you recommend using? Click here for the Excel Data Flle a. MaxImin. Renew Relocate b. Maximax. Renew Relocate c. Laplace. Renew Relocate d. Minimax regret. Relocate Renew

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