2. What is the project's coefficient of variation given the following? The Carlisle Corporation is considering a proposed project for its capital budget. The company estimates that the project's NPV is $5 million. This estimate assumes that the economy and market conditions will be average over the next few years. The company's CFO, however, forecasts that there is only a 40% chance that the economy will be average. Recognizing this uncertainty, she has also performed the following scenario analysis: Probability of Economic Scenario Outcome NPV Recession 0.05 ($28 million) Below Average 0.25 (10 million) Average 0.40 5 million Above Average 0.25 8 million Boom 0.05 15 million a. 11.81 b. 2.75 c. 6.39 d. 1.25 e. 5.02