Question: A company is evaluating a new project. The project's NPV (in millions) under various economic scenarios and those scenario probabilities are shown below. Case Probability

A company is evaluating a new project.
The project's NPV (in millions) under various economic scenarios and those scenario probabilities are shown below.

Case Probability NPV
Worse 0.20 ($43.10)
Base (likely) 0.50 $10.40
Best 0.30 $63.90

How much is the "Coefficient of Variation" of the net present value of this project?

Enter your answer in the following format: 1.23;

Hint: Answer is between 2.16 and 2.59

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