You run a market model regression to estimate the beta of Nanotech Inc. Using 5 years of monthly data you obtain an estimate of 1.94. The 95% confidence interval is 1.25 - 2.68. The risk free rate is 3% per year and the expected market risk premium is 6% per year. What is the 95% confidence interval for expected returns on Nanotech Inc?

		10.5% - 19.08%
		10.5% - 14.64%
		14.64%
		7.5% - 16.08%
		14.64% - 19.08%