Question 12 (1 point) HR Industries (HRI) has a beta of 2.2, while LR Industries' (LRI) beta is 1.10. The risk- free rate is 3%, and the required rate of return on an average stock is 10%. The expected rate of inflation built into TRF falls by 1.0 percentage points, the real risk-free rate remains constant, the required return on the market falls to 9.0%, and all betas remain constant. After all of these changes, what will be the difference in the required returns for HRI and LRI, that is, THRI - TRI: 8.47% 7.32% 7.70% 6.93% 8.09%