Given the following, what is the project's standard deviation? The Carlisle Corporation is considering a proposed project for its capital budget. The company estimates that the project's NPV is $5 million. This estimate assumes that the economy and market conditions will be average over the next few years. The company's CFO, however, forecasts that there is only a 40% chance that the economy will be average. Recognizing this uncertainty, she has also performed the following scenario analysis:

Economic Scenario Recession Below Average Average Above Average Boom Probability of Outcome 0.05 0.25 0.40 0.25 0.05 NPV ($28 million) (10 million) 5 million 8 million 15 million