3. a) The company is considering three projects. Project Beta returns are expected to be negative OMR 1 Million, for this probability is 0.35 and 0.65 is the probability that project earns a return of OMR 4 Million. The project Gamma also in the consideration of the company for that company has certain return of OMR 1 million. The return on project Alpha is OMR 1 Million with a probability of 0.25 or a return of OMR 2 Million with a probability of 0.75. Compare the mean return and risk of the projects. b) The company is considering about probability of insolvency for one of its project. You have to calculate the probability of insolvency with following information The returns from a project are normally distributed with a mean of OMR 660,000 and a standard deviation of OMR 480,000. If the project loses more than OMR 240,000 the company will be made insolvent