At the beginning of 2007 (the year the iPhone was introduced), Apple's beta was 1.1 and the risk-free rate was about 4.9%. Apple's price was $84.31. Apple's price at the end of 2007 was $192.15. If you estimate the market risk premium to have been 5.8%, did Apple's managers exceed their investors' required return as given by the CAPM? The expected return is %. (Round to two decimal places.) Suppose Autodesk stock has a beta of 2.40, whereas Costco stock has a beta of 0.74. If the risk-free interest rate is 4.5% and the expected return of the market portfolio is 11.5%, what is the expected return of a portfolio that consists of 60% Autodesk stock and 40% Costco stock, according to the CAPM? The expected return is %. (Round to two decimal places.)