30% 5. (15 pts) A potential venture investment has the following possible outcomes. Economic Climate Probability of occurrence Rate of return Recession 0.25 -20% Normal 0.50 15% Rapid growth 0.25 A. What is the expected rate of return on the venture? (4 pts) B. Calculate the variance and standard deviation of the rate of return for the venture. (6 pts) C. Calculate the coefficient of variation of the rates of return for the venture. If the coefficient of variation for your prior venture investments is 1.5. would the new venture be considered as being less or more risky? (5 pts)