Federated Electronics, Ltd., manufactures display screensand monitors for computers and televisions, which it sellsto companies around the world. It wants to construct a new warehouse and distribution center in Asia to serve emerg-ing markets there. It has identified potential sites in the port cities of Shanghai, Singapore, Pusan, Kaohsiung, and HongKong and has estimated the possible revenues for each(minus construction costs which are higher in some citieslike Hong Kong). At each site the projected revenues are primarily based on these factors, (1) the economic condi-tions at the port including the projected traffic, infrastruc-ture, labor rates and availability; and expansion and modernization; and (2) the future government situationwhich includes the political stability, fees, tariffs, duties,and trade regulations. Following is a payoff table thatshows the projected revenues (in $ billions) for six years given the four possible combinations for positive and nega-tive port and government conditions:Determine the port city Federated should select for its newdistribution center using the following decision criteria:a. Maximaxb. Maximinc. Equal likelihoodd. Hurwicz ( .55) Port Port Port PortNegative/ Negative/ Positive/ Positive/Government Government Government GovernmentPort Negative Positive Negative PositiveShanghai —$0.271 $0.437 $0.523 $1.08Singapore —0.164 0.329 0.441 0.873Pusan 0.119 0.526 0.337 0.732Kaoshiung —0.235 0.522 0.226 1.116Hong Kong —0.317 0.256 0.285 1.653