Coefficient of Variation. McEnro wishes to decide between two projects, X and Y. By using probability estimates, he has determined the following statistics: Project X              ($) Project Y ($)...

Coefficient of Variation. McEnro wishes to decide between two projects, X and Y. By using probability estimates, he has determined the following statistics:

Project X              ($) Project Y ($)

Expected NPV   35,000                   20,000

s                             22,000                   20,000

(a) Compute the coefficient of variation for each project, and (b) explain why  and the coefficient of variation give different rankings of risk. Which method is better?