a. What is the equation for the Securay Market Line (SML)? (Hint: First determine the expected market return.) T.n=3.0%+(9.5%)biIt.n=3.9%+(8.9%)bII.n=3.0%+(11.2%)b.IV.n=2.2%+(9.5%)bVin=2.295+(11.2%)b b. Calculate kishis required rate of return. Do not round intermediate calculations. Round your answer to two decinal places. c. Suppose Rick Kish, the president, receives a proposal from a company seeidng new capital, The amount needed to take a poscion in the stock is $50 mililion. it has an expected return of 17%, and its estimated beta is 1.5, Should Kish invest in the new company? The new stock be purchased. At what expected rate of return should Kish be indifferent to purchasing the stock? Round your answer to two decimal placer