You have $10,000 to invest in a stock portfolio. Your choices are Stock X with an expected return of 14 percent and Stock Y with an expected return of 11 percent. Assume your goal is to create a portfolio with an expected return of 12.4 percent.

Required: How much money will you invest in Stock X and Stock Y? (Do not round intermediate calculations. Round your answers to the nearest whole dollar amount (e.g., 1,234,567).)

Investment in Stock X $_____________

Investment in Stock Y $_____________