The table below shows standard deviations and correlation coefficients for eight stocks from different countries. STEPS PLEASE

	BHP	BP	Fiat	Heineken	Nestl	Sony	TAM	Tata Motors
BHP	1.00	0.33	0.36	0.43	0.18	0.43	0.16	0.36
BP	0.33	1.00	0.36	0.18	0.16	0.30	0.05	0.19
Fiat	0.36	0.36	1.00	0.29	0.30	0.22	0.10	0.27
Heineken	0.43	0.18	0.29	1.00	0.35	0.53	0.09	0.43
Nestl	0.18	0.16	0.30	0.35	1.00	0.12	0.12	0.14
Sony	0.43	0.30	0.22	0.53	0.12	1.00	0.11	0.26
TAM	0.16	0.05	0.10	0.09	0.12	0.11	1.00	0.11
Tata Motors	0.36	0.19	0.27	0.43	0.14	0.26	0.11	1.00
Standard deviation	29.00%	40.80	51.60	27.30	21.00	41.50	49.40	51.50

Calculate the variance of a portfolio with equal investments in each stock. (Do not round intermediate calculations. Enter your answer as a decimal rounded to 5 places.)

Portfolio variance