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Globoshine Industries (GLS) is a technology firm working on a solar powered car. HyOriven Co. (HDR) is a competitor working on a hydrogen powered car,

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Globoshine Industries (GLS) is a technology firm working on a solar powered car. HyOriven Co. (HDR) is a competitor working on a hydrogen powered car, Financial analysts have predicted three likely outcomes: A 0.4 probability that solar powered cars will be the automotive technology of choice, which will cause GLS stock to rise by 50% and HDR to fall by - 30% A 0.5 probability that solar will be a moderate success, sharing the market whth hydrogen technology, in which case GLS wal return 10% and HDR will return 18% A 0.1 probability that solar power will fail to be successful as a technolock, in which case GLS will return -90\% and HDR will return 1200 s Asume an investor has a portfolio with $12000 invested in GLS and $8000 invested in HDR Using Excel calculate the expected return and standard devation of Globedyne, HyDeiven, and the investor's portfolio

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