Sky Fly, Inc is considering an investment in two different expansions. The following estimates have been calculated for each project. Y 15,000 115,000 Initial Investment Annual Rate of Return Pessimistic Most Likely Optimistic Discussion 16% 20% 24% 10% 20% 30% Discuss What is the range of the rates of return for each of the projects? Which project is less risky? Why? Which investment would you choose? Why