A company has identified two possible investment projects, Project A and Project B, with the following expected cash flows:

Year	Project A	Project B
1	$10,000	$5,000
2	$15,000	$10,000
3	$20,000	$15,000
4	$25,000	$20,000
5	$30,000	$25,000

However, the company is uncertain about the future economic conditions, and it estimates that there is a 60% chance of good economic conditions and a 40% chance of bad economic conditions. In good economic conditions, the expected cash flows for Project A and Project B increase by 20%, while in bad economic conditions, the expected cash flows for Project A and Project B decrease by 15%.

a) Calculate the expected cash flows for Project A and Project B under both economic conditions.

b) Calculate the standard deviation of cash flows for Project A and Project B under both economic conditions.

c) Which project would you recommend based on expected values and standard deviations under both economic conditions? Use the coefficient of variation to support your answer.