Project 1 has the following expected outcomes:

- It has 25% chance of generating 32% return

- It has 50% chance of generating 5% return

- It has 24% chance of generating -25% return

- It has 1% chance of generating - 90% return

1) What is the expected return of Project 1?

Please provide your answer as a percentage with two digits after the decimal point and do not include the % sign (e.g. 15.43% -> 15.43)

2) What is the expected variance of Project 1?

Please provide your answer as a number with three digits after the decimal point (eg. 0.XXX)

3)What is the expected standard deviation of Project 1?

Please provide your answer as a percentage with two digits after the decimal point and do not include the % sign (e.g. 15.43% -> 15.43)

4) You have the opportunity to invest either in Project 1 or Project 2. Project 2 has an expected return of 3.3% and an expected volatility (standard deviation) of 5%.

In which project would you invest?

A)Project 1 B) Project 2.