crane company wishes to calculate its expected return on equity assuming three different states of the world. cranes total assets are 15 million and its tax rate it 40%. the leverage ratio is 10% and interest rate on debt is 15%. The company estinates next years earnings before interest and taxes in three states of the world. these are 5 million with a probability of 0.2, 3 million with a probability of 500,000, and 500,000 with a probability of 0.3. what is the companys expected return on equity?