Suppose you have a portfolio consisting of the following: Stock Amount Invested Beta Syrah Co. $350,000 0.55 Cab Co $220,000 1.27 Zin Co. $810,000 2 Assume the expected return on the market is 10% a. What is the portfolio beta? (round to 2 decimals) b. If the risk-free rate is 3.5% and the market risk premium is 6.5%, what is the expected return on the portfolio? % c. Suppose after management fees and other expenses the actual return on the portfolio is 11.4% Evaluate management's performance O A. Management's performance was not good because it was less than expected given the risk Management's performance was good because it beat the market