The management of BFB has decided to incorporate pandemic planning considerations into its existing resilience plan. One of the considerations is to allocate a total of RM20 million in two projects from two different industries. They will invest RM9 million on a project from healthcare industry and the rest on a project from digital industry. The following are the relevant data of these two projects: Expected return Standard deviation Beta Project X (Healthcare Industry) 12% 16% 0.8 Project Y (Digital Industry) 22% 19% 1.5 Required: 1) If the two projects are mutually exclusive, justify which project should BFB invest with relevant calculation (5 marks) (11) Determine the expected return and standard deviation of the investment consisting of these two projects, given the correlation is 0.3 between the retum of these two projects. (5 marks) (1) Determine the systematic risk of the investment consisting of these two projects and explain if the investment is riskier than the market