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2. Huang Industries is considering a proposed project whose estimated NPV is $12 million. This estimate assumes that economic conditions will be average. However, the

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2. Huang Industries is considering a proposed project whose estimated NPV is $12 million. This estimate assumes that economic conditions will be average." However, the CFO realizes that conditions could be better or worse, so she performed a scenario analysis and obtained these results: NPV Economic Scenario Recession Below average Average Above average Boom Probability of Outcome 0.05 0.20 0.50 0.20 0.05 ($70 million) (25 million) 12 million 20 million 30 million Calculate the project's expected NPV, standard deviation, and coefficient of variation

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