21) Yodeling Modeling has a beta of 1.20. The risk-free rate is 1%. The return on the market portfolio depends on the state of the economy. There is a 25% chance of a recession, a 60% chance of a normal economy and a 15% chance of a boom; with the market returns of -10% in recession, +6% in the normal economy, and 30% in the boom economy. The expected return for Yodeling Modeling is: A) 5.62% B) 4.62% C) 6.52% D) 7.42% E) 6.72%