The Bartram-Pulley Company (BPC) must decide between two mutually exclusive investment projects. Each project costs $5,050 and has an expected life of 3 years. Annual net cash flows from each project begin 1 year after the initial investment is made and have the following probability distributions: BPC has decided to evaluate the riskier project at a 14% rate and the less risky project at a 8% rate. What is the coefficient of variation (CV) of project B?

Project A				Project B
Probability	Net Cash Flows			Probability	Net Cash Flows
0.2	$5,000			0.2	$3,000
0.6	7,750			0.6	9,750
0.2	8,500			0.2	18,000

		0.0703
		0.4734
		1.2313
		0.7579
		0.1647