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1 7 - You want to invest $ 4 4 , 0 0 0 in a portfolio with a beta of no more than 1

17-You want to invest $44,000 in a portfolio with a beta of no more than 1.53 and an expected return of 0.1459%. Bay Corp. has a beta of 1.04 and an expected return of 10.97%, and City Inc. has a beta of 1.75 and an expected return of 16.21%. The risk-free rate is 3.31%. You can invest in Bay Corp. and City Inc. How much will you invest in each?
(Round to the nearest cent.)
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