Manipulating CAPM Use the basic equation for the capital asset pricing model (CAPM) to work each of the following problems. a. Find the required return for an asset with a beta of 1.18 when the risk-free rate and market return are 5% and 8%, respectively. b. Find the risk-free rate for a firm with a required return of 13.117% and a beta of 1.51 when the market return is 12%. c. Find the market return for an asset with a required return of 6.696% and a beta of 0.27 when the risk-free rate is 5%. d. Find the beta for an asset with a required return of 5.418% when the risk-free rate and market return are 3% and 6.9%, respectively. a. The required return for an asset with a beta of 1.18 when the risk-free rate and market return are 5% and 8%, respectively, is %. (Round to two decimal places) b. The risk-free rate for a firm with a required return of 13.117% and a beta of 1.51 when the market return is 12% is %. (Round to two decimal places.) C. The market return for an asset with a required return of 6.696% and a beta of 0.27 when the risk-free rate is 5% is 1% (Round to two decimal places.) d. The beta for an asset with a required return of 5.418% when the risk-free rate and market return are 3% and 6.9%, respectively, is (Round to two decimal places.)