AaBbCcDdl AaBbCcDdE AaBbCcDdE AaBbCcDdE V DV AVA 3 #* It (b) Raymond has two one-year projects for potential investment and each project has a cost of $10 million. After one year, the two projects will provide the following payoffs: Project A Successful (70% probability): $12 million Not successful (30% probability): $8 million Project B Successful (60% probability): $14 million Not successful (40% probability): $6 million (bi) What is the expected payoff and risk (standard deviation of payoff) of these two projects? (4 marks)