$5.$ Assume you are advising a client with high risk tolerance, medium time horizon, and high liquidity needs. The client is $35$ years old. You analyze portfolios that have the following expected returns and standard deviations: Portfolio $16\%,24\%$; Portfolio $29\%,23\%$; Portfolio $310\%,26\%$; Portfolio $412\%,26\%.$ Return. Recommend a suitable portfolio. Briefly explain your logic and what you would prudently document for your firm$$s compliance department requirements.