Roenfeld corp believes the following probability distribution exists for its stock. what is the coefficient of variation on the company's stock? do not round your intermediate calculations. state of the economy probability of state occurring stock's expected return boom 0.19 25% normal 0.50 15% recession 0.31 5%(a) 0.4292 (b) 0.5050 (c) 0.6565 (d) 0.4545 (e) 0.6060

Lambert manufacturing has $100,000 to invest in either project a or project b. the following data are available on these projects (ignore income taxes.): project a project b cost of equipment needed now $100,000 $60,000 working capital investment needed now - $40,000 annual cash operating inflows $40,000 $35,000 salvage value of equipment in 6 years $10,000 - both projects will have a useful life of 6 years and the total cost approach to net present value analysis. at the end of 6 years, the working capital investment will be released for use elsewhere. lambert's required rate of return is 14%. the net present value of project b is: