Beale Manufacturing Company has a beta of 1.2, and Foley Industries has a beta of 0.40. The required return on an index fund that holds the entire stock market is 10%. The risk-free rate of interest is 4.5%. By how much does Beale's required return exceed Foley's required return? Do not round intermediate calculations. Round your answer to two decimal places You have been managing a $5 million portfolio that has a beta of 1.35 and a required rate of return of 14.125%. The current risk free rate is 4%. Assume that you receive another $500,000 If you invest the money in a stock with a beta of 1.15, what will be the required return on your $5.5 million portfolio? Do not round intermediate calculations. Round your answer to two decimal places