. In the market four risky assets are traded with payoffs S = 1.2 1 1 1 1 1.2 1 1 1 1.2 1 1 1 1 1.2 Each column in the matrix S represents one asset. The price of all assets is 1. a. What are the risk-neutral probabilities for each of the four states? There is an investment opportunity that costs 1. This investment pays off = 1.4 1.2 0.9 b. What is the replicating portfolio for the payoff of the investment opportunity? c. What is the NPV of the investment opportunity?