year ABC Ltd is considering three possible capital projects for next year. Each project has a 1- life, and project returns depend on next years state of the economy. The estimated return are shown in the table: State of the Probability Rate of Return economy of occurrence X Y Z 14% 0.25 0.50 Recession Average Boom Required: 10% 14 16 9% 13 18 12 mm.25 10 i. ii. iii. iv. Compute each projects expected rate of return Compute the variance and standard deviation of each project Compute the co-efficient of variation for each project Which is a better project? Why? (6 marks) (12 marks)