The market risk premium is 8.75%. The rates of return for a stock are as follows: 2% if the economic state is recession; 9% if the economic state is normal; and 15% if the economic state is expansion. The probabilities of the economic states are as follows: 20% probability of recession; 45% probability of normal; and 35% probability of expansion. Assume the expected return for this stock is 9.7%. What is the variance for this stock?