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A firm has the NPV of a project based on three possible economic conditions and their probabilities given below. The expected NPV is $35 million.

A firm has the NPV of a project based on three possible economic conditions and their probabilities given below. The expected NPV is $35 million. What is the standard deviation for the project's NPV?

Economic Condition Probability NPV ($million)
Recession .70 22
Boom .20 74
No Change .10 48

A) 22.01

B) 20.96

C) 19.91

D) 22.85

E) 19.49

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