At the beginning of 2014, Apple's beta was 1.4 and the risk-free rate was about 4.2%. Apple's price was $83.68. Apple's price at the end of 2014 was $195.51. If you estimate the market risk premium to have been 5.4%, did Apple's managers exceed their investors' required return as given by the CAPM? The expected return was %. (Round to two decimal places.)