Brandt Enterprises is considering a new project that has a cost of $1,000,000, and the CFO set up the following table to show its three most likely scenarios. 5. WACC of the company-11.5% Prob, x NPV $187.62 Cash Flows (Dollars in Thousands) NPV $800.0 $938.10 Prob. = 20% Prob. = 60% Prob. = 20% $800.0 $800.0 1,000$520.0 $520.0 $520.0 $259.76 $155.86 $200.0 -$200.0 -$200.0 -$1,484.52 -$296.90 Exp. NPV = $46,57 Standard Deviation = 179.87 CV=3.86 If you were the CFO of this company, how do you explain this scenario analysis result? Knowing the CV of the average project of the company is in the range of 2.0 to 3.0, how do you evaluate the project's risk level and further justify if the project is profitable