Manipulating CAPM Use the basic equation for the capital asset pricing model (CAPM) to work each of the following problems. a. Find the required return for an asset with a beta of 0.24 when the risk-free rate and market return are 3% and 5%, respectively. b. Find the risk-free rate for a firm with a required return of 23.722% and a beta of 1.98 when the market return is 16%. c. Find the market return for an asset with a required return of 8.288% and a beta of 1.93 when the risk-free rate is 3%. d. Find the beta for an asset with a required return of 16.456% when the risk-free rate and market return are 7% and 11.8%, respectively. a. The required return for an asset with a beta of 0.24 when the risk-free rate and market return are 3% and 5%, respectively, is %. (Round to two decimal places.)