As chlef investment officer of a small endowment fund, you are considering expanding the fund's strategic asset allocation from just common stock (CS) and fixed-incon (FI) to include private real estate partnerships (PR) as well: Current Allocation: 60 percent of Asset CS, 40 percent of Asset F I Proposed Allocation: 50 percent of Asset C5, 30 percent of Asset FI1,20 percent of Asset PR. You also consider the foliowing historical data for the three risky asset dasses (C5, F, and PR) and the riskofree rate (RFR) over a recent investment period: You have aiready determined that the expected return and standard deviation for the Current Alocation ares E (R cumeet )=7.40 percent and asresi =11.174 percent. a. Calculate the expected return for the Proposed Allocation. Round your answer to two decimal places. % b. Calculate the standard deviation for the Proposed Allocation. Do not round intermediste calculations. Round your answer to two decimal places. calculations. Pound vour answers to three decimal plsces. Current Allocation: Proposed Allocation: d. Using vour calculations from oart (c), explain which of these two portfollos is the most licely to fall en the Markowitz emicient frontier: The is the most likely to fall on the Markowitz efticient frontier