Consider the multifactor APT. There are two independent economic factors, F₁ and F₂. The risk-free rate of return is 3%. The following information is available about two well-diversified portfolios:

Portfolio	Beta on F1	Beta on F2	Expected Return
A	0.75	1.25	16%
B	1.50	1.30	23%

Assuming no arbitrage opportunities exist, calculate the risk premium on the factor F₁ and the risk premium on the factor F₂.