The managers of Merton Medical Clinic are analyzing a proposed project. The project's most likely NPV is $120,000, but, as evidenced by the following NPV distribution, there is considerable risk involved. What are the project's expected NPV and standard deviation of NPV?
a. Expected NPV = $120,000, Standard Deviation = $324,579
b. Expected NPV = $120,000, Standard Deviation = $76,811
c. Expected NPV = $120,000, Standard Deviation = $200,000
d. Expected NPV = $120,000, Standard Deviation = $150,000