Trevor Smith wants to have $1,000,000 at retirement, which is 20 years away. He already has $250,000 in an IRA account earning 6 percent annually. Starting next year, he plans to invest in a mutual fund the same amount every year until he retires. He expects to earn 9 percent annually with mutual fund investment. What is the minimum amount Trevor will have to invest every year to achieve his savings goal at retirement? 3.874,43 9.900.82 2.857.66 4.100.38 Cooley Company's stock has a beta of 1.40, the risk-free rate is 4.25%, and the expected return on the market is 9.75%. Using the CAPM model, what is the firm's required rate of return? 10.80% 11.45% 12.3596 11.9596