You are considering an investment in Badger, LLC. You know that the firms total risk is 20%, its systematic risk is 0.8, the one-month treasury bill rate is 1.2%, the 30-year treasury rate is 3.0%, and the average market return is 7.0%. What is the expected return according to the CAPM?

a. 20.00%

b. 5.84%

c. 7.52%

d. 9.28%

e. 6.20%