Suppose that Apple Health Services has four different projects.

Suppose that Apple Health Services has four different projects. These projects are listed below, along with the amount of capital invested and the market betas:

Project Amount Invested Market Beta

Walk-in clinic $ 500,000 1.1

MRI facility 2,000,000 1.5

Clinical laboratory 1,500,000 0.8

X-ray laboratory 1,000,000 1.0

$5,000,000

a. What is the overall market beta of Apple Health Services?

b. How does the riskiness of Apples stock compare with the

c. Would stock investors require a rate of return on Apple that is greater than, less than, or the same as the return on an average- risk stock