At the beginning of $2007($the year the iPhone was introduced$),$ Apple's beta was $1\mathrm{.}51$ and the risk$-$free rate was about $4\mathrm{.}69\%.$ Apple's price was $$81\mathrm{.}44.$ Apple's price at the end of $2007$ was $$190\mathrm{.}41.$ If you estimate the market risk premium to have been $5\mathrm{.}59\%,$ did Apple's managers exceed their investors' required return as given by the CAPM?

The expected return is

$\%.($Round to two decimal places.$)$