You manage a risky portfolio with an expected rate of return of 16% and standard deviation of 22%. The T-bill rate is 5%. A client of yours chooses to invest 70% of a portfolio in your fund and 30% in a T-bill money market fund. a. What are the expected return and standard deviation of your client's portfolio? b. Suppose your risky portfolio includes the following investments: What are the investment proportions of each stock in your client's overall portfolio, including the position in T-bills? c. What is the Sharpe ratio (S) of your risky portfolio and your client's overall portfolio? d. Using excel, draw the Capital Allocation Line (CAL) of your portfolio on an expected return/standard deviation scatterplot. Use investment proportions between the risky portfolio and risk-free asset of 0% to 100% in increments of 10% (e.g., 100% in risky portfolio and 0% in risk-free asset, 90% in risky portfolic and 10% in risk-free, etc.). What is your client's position on your fund's CAL