CAPM AND REQUIRED RETURN HR Industries (HRI) has a beta of 1 8, while LR Industries’

(LRI) beta is 0 6. The risk-free rate is 6%, and the required rate of return on an average stock is 13%. The expected rate of inflation built into rRF falls by 1 5 percentage points, the real risk-free rate remains constant, the required return on the market falls to 10 5%, and all betas remain constant. After all of these changes, what will be the difference in the required returns for HRI and LRI?AppendixLO1