1. Shao Industries is considering a proposed project for its capital budget. The company estimates the project's NPV is $12 million. This estimate assumes that the economy and market conditions will be average over the next few years. The company's CFO, however, forecasts there is only a 50% chance that the economy will be average. Recognizing this uncertainty, she has also performed the following scenario analysis:

Economic Scenario	Probability of Outcome	NPV
Recession	0.05	-$48 million
Below average	0.20	-28 million
Average	0.50	12 million
Above average	0.20	20 million
Boom	0.05	30 million

1. What are the project's expected NPV, standard deviation, and coefficient of variation?