Siya Ltd is attempting to measure the riskiness of two projects which have the following cash flows in different, equally likely, state of the economy. Project Project State G H N5 000 N5 000 N5 000 900 900 800 500 400 400 4 300 300 5 200 100 Required: a) Establish, using the standard deviation of cash flows as a measure of risk, which project is riskier. b) Establish, using the co-efficient of variation of cash flows as a measure of risk, which project is riskier. c) Explain which measure of risk you would prefer.PROJECT G (R'000) Cash Expected Flow Prob Deviation value Deviation Variance millions (ROOO) millions (RODO) 900 20% 180 380 144.400 28,880 800 20% 160 280 78.400 15,680 400 20% 80 (120) 14.400 2,880 300 20% 60 (220) 48.400 9,680 200 20% 40 (320) 102,400 20,480 100% 520 77,600 Standard deviation = (Variance) : R278 568 Coefficient of variation Std. Deviation/Expected value 0.536