The expected return of the market portfolio is given as 12.2 percent. The risk free rate is 3.7 percent. You invest $900,000 in a stock with a beta of 1.50. What is the expected value of your portfolio at the end of one year, if the capital asset pricing model is valid?

Group of answer choices

$1,014,750

$1,098,000

$1,064,700

$997,400

$1,048,050