The following data are available for Agness Corporation. (Assume an equal probability for each possible economy.)

	Project 1	Project 2
Investment	$1,000	$1,000
Expected Return
Recession	3%	0%
Normal	5%	5%
Boom	7%	10%

What is the expected return for each project? Project 1: %; Project 2:

What is the range of return of each project? Project 1: %; Project 2:

Which project is most risky? Project

Which project would you choose? Project