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The beta for Cowboy Industries, Inc. is 1.5. The expected return on the market portfolio is 12.0% and the risk-free rate is 2.0%. If the CAPM/SML is correct, what is Cowboy Manufacturing's required (expected) return? O 10.0% O 8.6% O None of these are correct. 17.0% O 13.5% You decide to save for your dream vacation to Europe (London, Paris, and Rome). You want to be able to travel in 7 years. If you believe your trip will cost $8,320 and you can earn 7 percent annual interest on your savings, how much must you deposit today so you can afford your trip in 7 years? DO NOT USE DOLLAR SIGNS OR COMMAS IN YOUR ANSWER. ROUND ANSWER TO THE NEAREST DOLLAR