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You want to invest $49,000 in a portfolio with a beta of no more than 1.41 and an expected return of 14.3%. Bay Corp. has

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You want to invest $49,000 in a portfolio with a beta of no more than 1.41 and an expected return of 14.3%. Bay Corp. has a beta of 0.96 and an expected return of 11%, and City Inc. has a beta of 1.88 and an expected return of 17.71%. The risk-free rate is 4%. You can invest in Bay Corp. and City Inc. How much will you invest in each? In Bay Corp., you should invest $ (Round to the nearest cent.)

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