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Possible outcomes for three investment alternatives and theirprobabilities of occurrence are givennext. Alternative 1Alternative 2Alternative 3OutcomesProbabilityOutcomesProbabilityOutcomesProbabilityFailure60.2070.2080.20Acceptable60.40220.40250.60Successful130.40240.40415.20 Using the coefficient of variation, rank the three alternatives interms of risk from lowest to highest. (Do not roundintermediate calculations. Round your answers to 3 decimalplaces.)
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