You have $23,000 to invest. You want to purchase shares of Xerox at $17.64, Qwest at $8.45, and Liz Claiborne at $45.03. How many shares of each company should you purchase so that your portfolio consists of 10 percent Xerox, 40 percent Qwest, and 50 percent Liz Claiborne? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

A manager believes his firm will earn a 18.60 percent return next year. His firm has a beta of 1.25, the expected return on the market is 15.60 percent, and the risk-free rate is 7.60 percent. Compute the return the firm should earn given its level of risk.