SCENARIO ANALYSIS Huang Industries is considering a proposed project whose esti- mated NPV is $12 million. This estimate assumes that economic conditions will be "aver-age." 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 average0.20 (25 million)

Average0.50 12 million

Above average0.20 20 million

Boom 0.05 30 million

Calculate the project's expected NPV, standard deviation, and coefficient of variation.