a) AA Corporation's stock has a beta of 1.3. The risk-free rate is 3%, and the expected return on the market is 11%. What is the required rate of return on AA's stock? Do not round intermediate calculations. Round your answer to one decimal place.

b) Stock R has a beta of 1.3, Stock S has a beta of 0.95, the expected rate of return on an average stock is 8%, and the risk-free rate is 6%. By how much does the required return on the riskier stock exceed that on the less risky stock? Do not round intermediate calculations. Round your answer to two decimal places.

c) Allen Air Lines must liquidate some equipment that is being replaced. The equipment originally cost $17.5 million, of which 75% has been depreciated. The used equipment can be sold today for $5 million, and its tax rate is 25%. What is the equipment's after-tax net salvage value? Enter your answer in dollars. For example, an answer of $1.2 million should be entered as 1,200,000. Round your answer to the nearest dollar

d) Computer Consultants Inc. is considering a project that has the following cash flow and cost of capital (r) data. What is the project's MIRR? Note that a project's MIRR can be less than the cost of capital (and even negative), in which case it will be rejected.

r =	10.00%
Year	0	1	2	3
Cash flows	$1,000	$450	$450	$450