A company is planning to construct 40 two-bedroom apartments of equal size for sale. It is estimated that it will take three (3) years to complete the development and sell the units. The capital cost will be $0.4 billion per year for 3 years. All units will be sold in year 3 . If demand is poor, the expectation is that selling price per unit will be a maximum of $32 million. If demand is average, selling price could be $38 million per unit but if demand is good, a unit could be sold for $43 million. The probability of demand being poor, average, and good is 0.20,0.50, and 0.3 respectively. The firm's real discount rate for an average risk project is 10%. The present value ordinary annuity factor for 3 years at 10% is 2.4869 . Discount factor at 10% for year 3 is 0.7513 . (Work in $B. ) Based on the above information, calculate the following: (a) The risk adjusted expected NPV for the project ( 8 marks) (b) The standard deviation of the NPV for this project. (10 marks) (c) The coefficient of variation for the project's NPV. (2 marks)