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28) A firm has the NPV of a project based on three possible economic conditions and their probabilities given below. The expected NPV is $59.2

28) A firm has the NPV of a project based on three possible economic conditions and their probabilities given below. The expected NPV is $59.2 million. What is the standard deviation for the project's NPV?

Economic Condition Probability of outcome NPV ($ million)
Recession .10 22
Boom .60 74
No change .30 42

A) 18.94

B) 17.42

C) 20.64

D) 17.24

E) 19.89

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