Cheng IncIs Considering a Capital Budgeting Project That Has an Expected

Multiple Choice

Cheng Inc.is considering a capital budgeting project that has an expected return of 24% and a standard deviation of 30%.What is the project's coefficient of variation? Do not round your intermediate calculations.Round the final answer to 2 decimal places.

A) 1.08
B) 1.40
C) 1.03
D) 1.25
E) 0.99