At the beginning of 2007 (the year the IPhone was introduced). Apple's beta was 1.4 and the risk-freo rato was about 3.6%. Apple's prico was $83.51. Apple's price al the end of 2007 was $190.86. If you estimate the market risk premium to have been 6.1%. did Applo's managers exceed their investors' required return as given by the CAPM? The expected return is (Round to two decimal places.)