Adjusted beta & CAPM

An analyst calculates the raw beta of a security to be $1\mathrm{.}11$ on a dayly basis over the last $4$ years. The risk$-$free rate is

estimated to be $2\mathrm{.}5\%,$ and the market risk premium is estimated to be $8\%.$ Using an adjusted forward estimate beta

based on mean reversion to a value of $1,$ estimate the required return on equity for this security according to the

CAPM.

a$.$ What is the adjusted beta?

Round your answer to two decimals

b$.$ What is the required return?

$\%$

Round your answer to two decimals