The N.Company wants to estimate next year's return on equity (ROE) under different financial leverage ratios. N's total capital is $18 million, it currently uses only common equity, it has no future plans to use preferred stock in its capital structure, and its federal-plus-state tax rate is 40%. The CFO has estimated next year's EBIT for three possible states of the world:

$4.8 million with a 0.2 probability, $1.6 million with a 0.5 probability, and $0.4 million with a 0.3 probability.

Calculate N's expected ROE, standard deviation, and coefficient of variation for each of the following debt-to-capital ratios.

(Do not round intermediate calculations. Round to two decimal places)

Debt/Capital ratio is 0.

RE =	6.26 %
=	%
CV =

Debt/Capital ratio is 10%, the interest rate is 9%.

RE =	%
=	%
CV =

Debt/Capital ratio is 50%, the interest rate is 11%.

RE =	%
=	%
CV =

Debt/Capital ratio is 60%, the interest rate is 14%.

RE =	%
=	%
CV =