Consider the following four projects with expected net present value (NPV) and standard deviation of NPV as follows:

Project	Expected NPV	Standard deviation of NPV
A	R25 000	4 000
B	R65 000	9 000
C	R50 000	8 000
D	R32 000	5 800

Which project would be regarded as the riskiest and which would be regarded as the least risky?

• A.

  Project B is the most risky and project A is the least risky.

• B.

  Project B is the most risky and project D is the least risky.

• C.

  Project D is the most risky and project B is the least risky.

• D.

  Project D is the most risky and project A is the least risky.

• E.

  Project A is the most risky and project B is the least risky.