2.2 Queens plc. is a UK company which is considering j hether to expand its operations in Europe. The forecasted Internal Rate of Return (IRR) of the company's existing UK operations and of its potential European operations has been calculated under alternate global economic growth scenarios: Under these conditions. the following strategies are proposed: The correlation coefficient between the forecast returns has been estimated as 0.7. Required: Calculate the expected returns and standard deviations for each expansion strategy and comment on your results