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Jen Industries is considering a proposed project whose estimated NPV is $12 million. This estimate assumes that economic conditions will be average. However, the CFO

Jen Industries is considering a proposed project whose estimated NPV is $12 million. This estimate assumes that economic conditions will be average. However, the CFO realizes that conditions could be better or worse, so she performed a scenario analysis and obtained these results: Economic Scenario Probability of Outcome NPV Recession 0.05 ($70 million) Below Average 0.20 ($25 million Average 0.50 ($12 million Above Average 0.20 ($20 million Boom 0.05 ($30 million Calculate the projects expected NPV, standard deviation, and coefficient of variation.

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