8-4: The Relationship Between Risk and Rates of Return Problem Walk-Through CAPM and required return Calculate the required rate of return for Manning Enterprises assuming that investors expect a 4.5% rate of nfaton the future. The real risk-free rate is i.75%, and the market nsk premium is 5.5%. Marring has a beta of 2, and its realized rate of return has averaged 12.5% over the last 5 years. Round your answer to two dermal places