What happens to the expected portfolio return if the portfolio beta increases from 1.0 to 1.5, the risk-free rate decreases from 5 to 4%, and the market risk premium increases from 8 to 9%?

It increases from 13 to 13.5%.

It increases from 12 to 12.5%.

It increases from 12 to 14.0%.

It increases from 13 to 17.5%.