Also please answer part b as well.

B.) what is the risk-adjusted NPV of each project?

Problem 2) (10 points) Your company must decide between two mutually exclusive projects. Each project costs $7,000 and has an expected life of 4 years. Annual net cash flows from project one begins 1 year after the initial investment. Annual net cash flows from project two begins 2 years after the initial investment. The probability distributions of annual net cash flows for the projects are given below. Project 1 Probability 0.1 0.2 0.3 0.4 Cash flows $6000 $6500 $7000 $7500 Project 2 Probability 0.3 0.2 0.1 0.4 Cash flows $6500 7000 $6750 $6000 Firm will evaluate the riskier project at a 12% rate and the less risky project at a 10% rate. a) What is the expected value of the annual net cash flows from each project? What is the coefficient of variation (CV)