a) What is the NPV of the project at a MARR of 10%?

b) What is the variance of the NPV?

c) If the cash flows are normally distributed, determine the probability that the NPV exceed $200. Please enter the probability as a decimal value using 2 decimal places.

$20 21. Assume that we can estimate a project's cash flows as follows: n Expected Flow E(A) Estimate of Standard Deviation on 0 -$300 $120 $10 $150 $15 $150 $110 $100 $30 $20 $25 In this case, each annual flow can be represented by a random variable with known mean and variance. Further assume complete independence among the cash flows