will be abandoned with zero salvage value. The managers estimate that the probability is 80% that the boats will pass testing and that Stage 3 will be undertaken. million. Both net values occur at t=3, and each state of the economy has a probability of 0.5 . YYC's corporate cost of capital is 11%. Round your answer to the nearest cent. $ the project's standard deviation to the nearest cent and CV to two decimal places. NPV:$ CV NPV: If YYC's average project had a CV of between 1.0 and 2.0, would this project be of high, low, or average stand-alone risk? This project is of - Select- risk