D Question 49 1 pts Suppose a sizeable, fully diversified portfolio has an F1 beta of.9. an F2 beta of 1.4, and an expected return of 11.6 percent. If F1 turns out to be 11 percent and F2 is -.8 percent, what will be the actual rate of return based on a two-factor arbitrage pricing model? 1147 percent 1172 percent 12.05 percent 1232 percent 12.58 percent Question 4 1 pts Assume an initial scenario where a levered firm has total assets of $8,000, earnings before interest and taxes of $600, 400 shares of stock outstanding, a debt-equity ratio of 25, and a cost of debt of 7 percent. Now assume a second scenario where the firm changes to an all-equity structure by issuing new shares to pay off debt while a shareholder holding 10 percent of the stock borrows funds at 7 percent and uses homemade leverage to offset the firm's change in capital structure. Ignore taxes. What are the net earnings for this shareholder under the initial scenario? Under the second scenario? O $48.80 $48.80 $48.80: $38.80 $90.00, $112.50 $90.00 $90.00 $48.80: 590.00