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Shao Industries is considering a proposed project for its capital budget. The company estimates the project's NPV is $ 1 2 million. This estimate assumes

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:
\table[[Economic Scenario,Probability of Outcome,NPV],[Recession,0.05,-$48 million],[Below average,0.20,-12 million],[Average,0.50,12 million],[Above average,0.20,24 million],[Boom,0.05,32 million]]
What are the project's expected NPV, standard deviation, and coefficient of variation? Enter your answers for the NPV and standard deviation in millions. For example, an answer of $1.24 million should be entered as 1.24, not 1,240,000. Do not round intermediate calculations. Round your answers to two decimal places.
\table[[E(NPV):,million],[NPV:,million]]
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