Lawrence is trying to use the CAPM to estimate the required return for Oracle Corporation, a database software company. He assumes that the expected market return will be 11.95% and the risk free rate will be 2.38%. If Oracle's beta is 0.82, what should Lawrence's required return be?

Multiple Choice

• 7.85%

• 10.23%

• 2.46%

• 9.80%

• 12.18%