BSRM currently holds total assets of $ 14 million. It uses 100 percent equity financing for acquiring assets and corporate tax rate is 40 percent. The financial manager has estimated next year's EBIT under three possible states: State of World Probability EBIT Good 0.20 5 million Moderate 0.50 3 million Recession 0.30 1 million Calculate Return on equity, Standard deviation and Co-efficient of variation at 60 percent debt used in the capital structure. The interest rate on debt capital is 12 percent