$12\mathrm{.}12$

the initial investment and are subject to the following probability distributions:

$\backslash$table$[[$Project A$,,$Project B$],[$Probability$,$Cash Flows,,Probability,Cash Flows,$],[0\mathrm{.}2,$$$6,500,,0\mathrm{.}2,,0],[0\mathrm{.}6,7,000,,0\mathrm{.}6,,7,000],[0\mathrm{.}2,7,500,,0\mathrm{.}2,,18,000]]$

BPC has decided to evaluate the riskier project at $12\%$ and the less$-$risky project at $9\%$

a$.$ What is each project's expected annual$\_$after$-$tax cash fow? Round your answers to the nearest cent.

Project A: $,$$

Project B: $,$$ and for coefficient of variation to two decimal places.

${}_A$:$,$$

$C{V}_A$:

b$.$ Based on the risk$-$adjusted NPVs$,$ which project should BPC choose? $-$Sele $-$Select$-$