12.12 The Butler-Perkins Company (BPC) must decide between two mutually exclusive projects. Each project has an initial after-tax cash outflow of $6,500 and has an expected life of 3 years. Annual project after-tax cash flows begin 1 year after the initial investment and are subject to the following probability distributions:

BPC has decided to evaluate the riskier project at 11% and the less-risky project at 10%.

What is each project's expected annual after-tax cash flow? Round your answers to the nearest cent.

Project A: $ _____

Project B: $ ______

Project B's standard deviation (B) is $5,464 and its coefficient of variation (CVB) is 0.75. What are the values of A and CVA? Do not round intermediate calculations. Round your answer for standard deviation to the nearest cent and for coefficient of variation to two decimal places.

A: $ ____

CVA: _____

Project A Project B \begin{tabular}{cccccc} \hline Probability & Cash Flows & & Probability & \multicolumn{2}{c}{ Cash Flows } \\ \cline { 1 - 2 } \cline { 5 - 6 } 0.2 & $6,250 & & 0.2 & $ & 0 \\ 0.6 & 6,500 & & 0.6 & 6,500 \\ 0.2 & 6,750 & & 0.2 & 17,000 \end{tabular}