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Landon Stevens is evaluating the expected performance of two common stocks, Furman Labs. Inc. and Garten Testing, inc: The risk. free rate is 40 percent,

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Landon Stevens is evaluating the expected performance of two common stocks, Furman Labs. Inc. and Garten Testing, inc: The risk. free rate is 40 percent, the expected return on the market is 132 percent, and the betas of the two stocks are 12 and 9 , respectively Landon's own forecasts of the returns on the two stocks are 15.50 percent for Fumman Lab5 and 12.20 percent for Garten. a. Calculate the required return for each stock. (Do not round intermediote colculotions. Enter your answers os o percent rounded to 2 decimol ploces.)

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