Problem $12-21$ CAPM $($LO$3,$ CFA$2)$

Landon Stevens is evaluating the expected performance of two common stocks, Furhman Labs, Inc., and Garten Testing, Inc. The riskfree rate is $4\mathrm{.}0$ percent, the expected return on the market is $12\mathrm{.}3$ percent, and the betas of the two stocks are $1\mathrm{.}2$ and $\mathrm{.}9,$ respectively. Landon's own forecasts of the returns on the two stocks are $14\mathrm{.}60$ percent for Furhman Labs and $11\mathrm{.}30$ percent for Garten.

a$.$ Calculate the required return for each stock. $($Do not round intermediate calculations. Enter your answers as a percent rounded to $2$ decimal places.$)$

$\backslash$table$[[$Stock$,$Required Return$],[$Furhman Labs,,$\%$