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WACC? 3. A venture investor 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. Following are five possible economic outcomes, the probability that each one will occur, and the rate of return projected for each outcome. Economic Climate Probability of Occurrence Rate of Return Disruption 0.05 -35.0% Recession 0.10 - 15.0% Average 0.45 15.0% Above average 0.25 20.0% Rapid growth 0.15 30.0% What is the expected rate of return on this software venture at the end of the planning period