$5$

Landon Stevens is evaluating the expected performance of two common stocks, Furhman Labs, Incorporated, and Garten Testing. Incorporated. The risk$-$free rate is $4\mathrm{.}0$ percent, the expected return on the market is $13\mathrm{.}0$ percent, and the betas of the two stocks are $1\mathrm{.}2$ and $0\mathrm{.}9,$ respectively. Landon's own forecasts of the returns on the two stocks are $15\mathrm{.}30$ percent for Furhman Labs and $1200$

$0\mathrm{.}4$

percent for Garten.

a$.$ Calculate the required return for each stock.

Note: Do not round intermediate calculations. Enter your answers as a percent rounded to $2$ decimal places.

$($x$)$ Answer is complete but not entirely correct.

$\backslash$table$[[$Stock$,$Required Return$],[$Furhman Labs,$13\mathrm{.}75$