Kamal is interested in investing $100,000 in a portfolio of two stock (FDA and SAP), he decided to invest 40,000 in FDA with a beta of 1.1, and 60,000 in SAP that has a beta of 1.3. The risk premium on the market portfolio (rm-rf) is expected to be 8%, and the T-bill rate is 3%.

What is the Beta of Kamals portfolio and What is the fair return of the portfolio according to CAPM? And If Kamal is forecasting a return on the portfolio of 6%, then what would alpha equal?