1) Joel Foster has invested S4 million in four different stocks. The amount of capital invested in each of the stocks (and their respective betas) are as follows: Stock EU CC RED ISP Capital Invested $2.4 million 1 million 0.4 million 0.2 million Beta 0.70 0.90 1.30 1.50 If the risk-free rate is 6% and the market risk premium is 5%, what is Joel Foster's required rate of return? (3)