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

	BHP	BP	Fiat	Heineken	Nestl	Sony	TAM	Tata
								Motors
BHP	1.00	0.26	0.37	0.38	0.21	0.38	0.17	0.30
BP	0.26	1.00	0.30	0.21	0.17	0.32	0.09	0.13
Fiat	0.37	0.30	1.00	0.18	0.19	0.11	0.21	0.16
Heineken	0.38	0.21	0.18	1.00	0.36	0.54	0.10	0.44
Nestl	0.21	0.17	0.19	0.36	1.00	0.13	0.13	0.13
Sony	0.38	0.32	0.11	0.54	0.13	1.00	0.12	0.25
TAM	0.17	0.09	0.21	0.10	0.13	0.12	1.00	0.10
Tata Motors	0.30	0.13	0.16	0.44	0.13	0.25	0.10	1.00
Standard deviation	28.00%	39.80	50.80	26.30	20.00	40.50	48.40	50.50

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