a. Laila Ahmad, the financial manager for Tangga Kejayaan Incorporation, wishes to evaluate three prospective investments: A, B, and C. Laila will evaluate each of theseinvestments to decide whether they are superior to investments that his company already has in place, which have an expected return of 15% and a standard deviationof 8%. The following table shows the expected returns and standard deviations of theinvestments. Investment 1 2 3 Expected Return (%) 19 17 14 Standard Deviation (%) 9 11 12 i. If Laila were risk neutral, which investments would he select? Explain why? ii. If she were risk averse, which investments would she select? Why? iii. If she were risk seeking, which investments would she select? Why? iv. Given the traditional risk preference behavior exhibited by financial managers, which investment would be preferred? Why