8) A mutual fund manager has a $40 million portfolio with a beta of 1.00. The risk- free rate is 4.25%, and the market risk premium is 6.00%. The manager expects to receive an additional $60 million which she plans to invest in additional stocks. . After investing the additional funds, she wants the fund's required and expected return to be 13.00%. What must the average beta of the new stocks be to achieve the target required rate of return? O a) 1.76 O b) 1.68 OC) 1.85 O d) 1.92 O None of the above