What is the standard deviation of the returns on a portfolio that is invested 52 percent in stock Q and 48 percent in stock R? State of Economy Probability of State of Economy Return if State Occurs Stock Q Stock R Boom 10% 14% 16% Normal 90 8 11

Miller mfg. is analyzing a proposed project. the company expects to sell 14,300 units, plus or minus 3 percent. the expected variable cost per unit is $15 and the expected fixed cost is $35,000. the fixed and variable cost estimates are considered accurate within a plus or minus 3 percent range. the depreciation expense is $32,000. the tax rate is 34 percent. the sale price is estimated at $19 a unit, give or take 3 percent. what is the net income under the worst case scenario?