Suppose that Arron is holding an equity portfolio that is worth $1,600,000 and has a beta of 1.10 from which the expected return is 10% per annum. She would like to purchase $200,000 of units in a hedge fund that has a beta of 0.8 from which a return of 5% per annum is expected. Answer the following questions: a. The total value of the new portfolio is b. The weight in the hedge fund in the new portfolio is 96. (Round to two decimal places.) c. The beta of the new portfolio is (Round to two decimal places.) d. The expected return of the new portfolio is 96. e. The addition of the hedge fund (has or has not) improved the overall risk-return profile of the portfolio