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The lease of Theme Park Inc is about to expire Management must decide whether to...

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The lease of Theme Park Inc is about to expire Management must decide whether to renew the lease for relocate near the site of a proposed motel The town planning board is currently debating the merits of granting approval to the mo A consultant has estimated the net present value of Theme Park s two alternatives under each state of nature as shown below What course of action would you recommend using Options Renew Relocate Click here for the Excel Data File a Maximin O Renew O Relocate b Maximax Relocate Renew Motel Approved 500 000 5 000 000 c Laplace Relocate Renew Motel Rejected 4 000 000 100 000

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