1. Conso ltd is considerings investing in Kenya but is unsure of the returns under the different states of nature.

State of nature	Probability	Expected Cash flows
boom	0.3	20 million
average	0.5	15 million
recession	0.2	2 million

Determine

1. Expected Monetary Value of the project ( 2Marks)
2. Standard deviation of the project ( 4 Marks)
3. Co - efficient of variation (2 Marks)
4. Write short notes on risk and return trade- off (2 Marks )