An investor has the following portfolio. All shares are priced in equilibrium. The government bond rate

is $5\%.$

Company Amount invested Expected return Beta

Parsons Ltd $$20,00013\mathrm{.}19\%0\mathrm{.}84$

Scholes Ltd $$30,00020\mathrm{.}60\%1\mathrm{.}60$

Perlman Ltd $$50,0006\mathrm{.}95\%0\mathrm{.}20$

$($c$)$ Calculate the market risk premium.