Question 2 (22 marks) Halo Ltd is attempting to measure the riskiness of two projects which have the following cash flows in different states of the economy. Project Project Probability State Blog Ik N $ 000 1 N$ 000 950 850 450 350 250 Aw1 N$ 000 950 550 450 350 150 20 20 30 15 5 15 Required: a) Establish, using the standard deviation of cash flows as a measure of risk, which project is riskier. (16 marks) b) Calculate the co-efficient of variation of cash flows as a measure of risk, which project is riskier. (4 marks) c) Explain which measure of risk you would prefer. (2 marks)