NoNuns Companies has a 21 percent tax rate and has $302.80 million in assets, currently financed entirely with equity. Equity is worth $30 per share, and book value of equity is equal to market value of equity. Also, lets assume that the firms expected values for EBIT depend upon which state of the economy occurs this year, with the possible values of EBIT and their associated probabilities as shown below: State Recession Average Boom Probability of state 0.25 0.60 0.15 Expected EBIT in state $ 6,150,625

Standard deviation ________ EPS