You are doing a scenario analysis of a project with the following information:

Scenario	Probability	NPV
Base Case	50%	$1,000
Best Case	30%	$7,000
Worst Case	20%	-$2,000
Expected NPV		???
Standard Deviation of NPV		$3,341
Coefficient of Variation of NPV		???

What is the coefficient of variation of the projects NPV? (Hint: You need to compute the expected value of NPV first.)

a. 2.22

b. 1.52

c. 1.10

d 0.66