Coefficient of variation Metal Manufacturing has isolated four alternatives for meeting its need for increased production capacity. The following table summarizes data gathered relative to each of these alternatives, a. Calculate the coefficient of variation for each alternative. b. If the firm wishes to minimize risk, which alternative do you recommend? Why? a. The coefficient of variation for alternative Ais (Round to three decimal places.) The coefficient of variation for alternative B is (Round to three decimal places.) The coefficient of variation for alternative C is (Round to three decimal places.) Data Table The coefficient of variation for alternative D is (Round to three decimal places.) b. If the firm wishes to minimize risk, which alternative do you recommend? Why? (Select from the drop-down menus.) (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) To minimize risk, the firm needs to choose alternative because it has the Alternative B D Expected return 22% 24% 16% 14% Standard deviation of return 8.4% 8.9% 6.6% 3.2%