A venture investor, SoCAL is considering investing in a software venture opportunity. However, the rate of return to be realized next year is likely to vary with the economic climate that actually occurs as below. Calculate the coefficient of variation (CV) of the rates of return for the software venture.

Economic Probability of Rate of

Climate Occurrence Return

Recession .25 -15.0%

Normal .50 15.0%

Rapid growth .25 30.0%