Highridge Brewing Co. (HBC) wants to estimate next year's return on equity (ROE) under different financial leverage ratios. HBC's total capital is $14 million, it currently uses only common equity, it has no future plans to use preferred stock in its capital structure, and its tax rate is 30%. The CFO has estimated next year's EBIT for three possible states of the world: $4.2 million with a 0.2 probability, $2.8 million with a 0.5 probability, and $700,000 with a 0.3 probability calculate HBC's expected ROE, standard deviation, and coefficient of variation for each of the following debt-to-capital ratios: Debt/ Capital Ratio Interest Rate 0% 10 9% 50 60 14 % Leverage: 0% Expected ROE - Standard deviation = Coefficient of variation - % Leverage: 10% Expected ROE = 1 Standard deviation = Coefficient of variation = % Leverage: 50% Expected ROE = Standard deviation = 1 Coefficient variation Leverage: 60% Expected ROE = Standard deviation = Coefficient of variation =