ABC Corphas a beta value of 1.5.If the risk free rate is 3.0% and theExpected Market Returnis 9%, what is the Expected/Required return on ABC Corp's stock?Using the Capital Asset Pricing Model, calculate the expected / required rate of return.(Enter your answer as a percentage, not in decimal form. E.g. 15% should be entered as 15.00 and not as 0.15)