Question 2 [33] Two friends decided to pool the surplus cash they have and invest the money in shares. The total amount they intend to invest is R250 000. Having spoken to several financial consultants and investment advisors, the friends decided to consider investing in the shares of Techco Ltd, a company specialising in information technology systems or Enerco Ltd, a company specialising in solar energy. The friends collected the following information for the purposes of making their investment decision: Additional information: - The market return for the period 20172022 was 12% and the standard deviation 4.1%. - The risk-free rate is 7.8% - The covariance between Techco and the market is 0.12% and between Enerco and the market it is (0.16%) Required: Use the information to calculate: 2.1 The standard deviations for the shares of the two companies. 2.2 The coefficients of correlation between Techco and the Market and Enerco and the Market. (8) 2.3 The beta coefficients for the two companies' shares. 2.4 The required returns for the two investments using the Capital Asset Pricing Model (CAPM). (8) 2.5 Recommend to the two friends which share they should invest in, giving reasons for your recommendations