Scenario anaylsis t=2 300 Best case Base case Worst case Probability 30% 40% 30% t=0 -100 -100 -100 t=1 300 180 30 WACC 7.5% 10.0% 12.5% 180 30 Choose the closest to the standard deviation for NPV. 50 100 150 200 Choose the closest to the coefficient of variation for NPV. 0.5 1 1.5 2