18. Basil Company is expected to pay a dividend of $1.50 in the upcoming year. The risk-free rate of return is 6%, and the expected return on the market portfolio is 14%. Analysts expect the price of Basil Company shares to be $29 a year from now. The beta of Basil Company's stock is 1.2. Using the CAPM, What is the appropriate required return on Basil Company's stock (2 Points) 8% 10.8% 15.6% 16.8%