with calculations and reason

Question 5.8 (10pts) You are considering three mutually exclusive projects with the following cash flows: Investment required Projected Cash Flows Probabilities Project A Project B Project C 1.00 $100,000 $150,000 $200,000 0.35 $30,000 $40,000 $50,000 0.45 $40,000 $55,000 $68,000 0.20 $50,000 $67,000 $70,000 Annual cash flows for 5 years Compute the mean and variance of NPW distribution for each project using i = 12%. Assume that project cash flows are mutually independent. Which project has a higher probability of losing money? You must calculate probabilities for each alternative. (Hint: use normal approximation) A) Project A B) Project B C) Project C D) Answers A, B and C are not correct