Use the following information for questions 1 to 3.
Cumnock Corporation (CC) is estimating cash flows from a new product for the next year. The cash flow generated by the new product sales is uncertain.
It has estimated the following probability distribution of after-tax cash flows from these sales for the next year:
Possible State	Probability	After-tax Cash Flow
1	0.2	$9,000
2	0.3	$12,000
3	0.5	$15,000
Use the above information to answer the following questions. The tax rate is 35%
What is the expected value of the after-tax cash flows from the new design? What is the standard deviation of the after-tax cash flows? What is the coefficient of variation of after-tax cash flows?