Suppose that Disney (DIS) has a beta of 1.25 and Chipotle (CMG) has a beta of 0.55, the risk-free interest rate is 3%, and you estimate the market's expected return to be 8%. Please answer in the same order requested and indicate the number of the question: 1. Calculate the required rate of return for Disney. Show the formula, do the math step by step until the final result, and indicate the unit of measurement. 2. Calculate the required rate of return for Chipotle. Show the formula, do the math step by step until the final result, and indicate the unit of measurement. 3. Which company has a higher required rate of return? Explain the reason why this company reports a higher expected return than the other company.