At the beginning of 2014, Apple's beta was 1.2 and the risk-free rate was about 3.8%. Apple's price was $82.22. Apple's price at the end of 2014 was $195.77. If you estimate the market risk premium to have been 6.1%, did Apple's managers exceed their investors' required return as given by the CAPM? The expected return was 0%. (Round to two decimal places.)