3. A company wants to choose the better of its three investments, A, B and C. Each requires an initial outlay of OMR 125,000. Management has made pessimistic and optimistic estimates of the returns associated with each assets as follows. Annual rate of return Asset A Asset B Asset C Pessimistic 23% 22% 21% Most likely 24% 24% 24% Optimistic 30% 30% 32% a) Calculate the range for assetA, B and C. b) Which Asset should the company select? Why?