$1.(3$ points$)$ The estimated betas for Apple, Inc. $($AAPL$),$ JP Morgan Chase $($JPM$),$ and Boeing $($BA$)$ are $1\mathrm{.}27,1\mathrm{.}12,$ and $1\mathrm{.}53$ respectively.$$ The risk$-$free rate of interest is $4\mathrm{.}5\%$ and the equity risk$-$premium is $8\mathrm{.}0\%.$ Calculated the required returns for each of the three stocks based on the CAPM.$2.(3$ points$)$ Calculate the adjusted betas for the three stocks in question $3$ assuming betas drift towards the market average beta.$3.(6$ points$)$ Using these adjusted betas, estimate the required return for these three stocks assuming the risk$-$free rate and the market risk$-$premium remain the same.$$