hand solv & write please

9 A project requires an immediate outflow of cash of 400,000 in return for the following probable cash flows: State of economy Probability End of Year 1 () End of Year 2 () Recession Growth Boom 0.3 0.5 0.2 100,000 300,000 500,000 150,000 350,000 550,000 Assume that the state of the economy will be the same in the second year as in the first. The required rate of return is 8 per cent. There is no tax or inflation. Calculate the expected NPV. b Calculate the standard deviation of NPV. a