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Landon Stevens Is evaluating the expected performance of two common stocks, Furhman Labs, Inc, and Garten Testing, Inc. The riskfree rate is 4 . 0

Landon Stevens Is evaluating the expected performance of two common stocks, Furhman Labs, Inc, and Garten Testing, Inc. The riskfree rate is 4.0 percent, the expected return on the market Is 121 percent, and the betas of the two stocks are 1.2 and .9, respectlvely. Landon's own forecasts of the returns on the two stocks are 14.40 percent for Furhman Labs and 11.10 percent for Garten.
a. Calculate the required return for each stock. (Do not round intermedlate calculations. Enter your answers as a percent rounded to 2 decimal places.)
\table[[Stock,Required Return,],[Furhman Labs,,%
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