EEE Inc.$\text{'}$s stock has a required return of $11\mathrm{.}94\%,$ a beta of $1\mathrm{.}2,$ and is in equilibrium. If the risk$-$free rate is $3\%,$ what is the market risk premium?

Select one:

a$.6\mathrm{.}25\%$

b$.6\mathrm{.}85\%$

c$.8\mathrm{.}05\%$

d$.7\mathrm{.}45\%$