Nadia plans to invest some of her savings for business purposes. She plans on investing in one of the following options: Land, House, Office. The return on these investments however is highly dependent on the future state of the economy. The table below shows this. Nadia has estimated that the chances of the Economy Being Good are 65%. Future State of Economy Good Bad Land House 15 9 33 -5 Office 28 8 Annual Profits (in thousand $.) O) Which investment will Nadia choose if she uses the Expected Monetary Value approach? (Show working in detail) ii) Which investment will Nadia choose if she is a risk-prone optimist person, and why? iii) Which investment will Nadia choose if she is a risk-averse pessimistic person, and why? iv) Which of the above three approaches would you recommend, and why