Mr. John Backster, a retired executive, desires to invest a portion of his assets in rental property. He has narrowed his choices to two apartment complexes, Windy Acres and Hillcrest Apartments. The anticipated annual cash inflows from each are as follows:

Windy Acres Hillcrest Apartments

Yearly Aftertax Cash InflowProbabilityYearly Aftertax Cash InflowProbability

$10,000 .1 $15,000 .2

15,000 .2 25,000 .3

30,000 .4 35,000 .4

45,000 .2 45,000 .1

50,000 .1

Expected cash flowWindy Acres$30,000Hillcrest$29,000

b.What is the coefficient of variation for each apartment complex?(Do not round intermediate calculations. Round the final answers to 4 decimal places.)

Coefficient of variation

Windy Acres

Hillcrest