Mike is searching for a project for his companyy to invest in. He is interested in Hi-Tech Smart Watch Project. He has been impressed with the product and believes Hi-Tech Smart Watch is an innovative product. However, Mike realizes that any time you consider a project, risk is a major concern. The rule he follows is to only invest in projects with a coefficient of variation of returns below 0.90. Mike has obtained the following NPV information and associated probabilities for Hi-Tech project. Calculate (1) the expected NPV (2) the standard deviation of NPV and (3) the coefficient variation. (4) Finally, should Mike invest in Hi-Tech? Scenario Probability NPV Best Case 30% $278,940 Base Case 30% $88,010 Worst Case 40% -48527