The following information relates to questions 14 and 15. PICKER is looking for underpriced securities for quick investment. The following information has been collected for analysing risk and return of two shares. Assume that the average annual market return is 12% and the risk-free rate is 4%. Calculate the expected rate of returns for shares of UPPER Ltd and LOWER Ltd using Capital Asset Pricing Model (CAPM). Based on the criteria of an underpriced security, which share(s) should be selected by PICKER for investment