XYZ ltd. is considering three possible capital projects for next year. Each project has a 1 year life, and project returns depend on next years state of the economy. The estimated rates of return are shown below.

STATE OF THE                              PROBABILITY                                 RATE OF RETURN

ECONOMY OF OCCURRENCE A B C

Recession 0.25 10% 9% 14%

Average 0.50 14 13 12

BOOM 0.25 16 18 10

REQUIRED: Find each project expected rate of return, variance, standard deviation and coefficient of variation.