Designs for RR Ltd's fashion lines are created inhouse and manufacturing takes place across numerous locations in Birmingham, however the company is keen to expand into Asian-Pacific markets and is considering a small manufacturing base in Vietnam. The project will have an initial outlay of 1m and a 0.2 probability of producing a return of 800,000 in Year 1 and a 0.8 probability of delivering a return of 500,000 in Year 1. If the 800,000 result occurs, then the second year could return either 700,000 (probability of 0.5) or 300,000 (probability of 0.5). If the 500,000 result for Year 1 occurs, then either 700,000 (probability 0.7) or 500,000 (probability 0.3) could be received in the second year. All cash flows occur on anniversary dates. The discount rate is 12% Required: 1)Calculate: a)The expected NPV. b)The standard deviation of NPV. c)The probability of the NPV being less than zero assuming a normal distribution of return - (bell shaped and symmetrical about the mean)