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Risk Swan's Sportswear plans to launch a line of designer jeans with the help of...

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Finance

Risk

Swan's Sportswear plans to launch a line of designer jeans with the help of one welll-known designer. Because of the highly competitive nature of the industry, the line of jeans has been given a code name, Stretch. Swan's market research has established a forecast shown in the following table.

Market acceptance

Probability

Annual rate of return

Very poor

0.06

0.034

Poor

0.12

0.051

Average

0.51

0.084

Good

0.24

0.144

Excellent

0.07

0.217

Use the table to calculate the average return for the line.

The average return for the line is ? %. (Enter as a percentage and round to two decimal places.)

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