Investors expect the market rate of return this year to be 11.50%. the expected rate of return on a stock with a beta of 0.8 is currently 9.20%. if the market return this year turns out to be 8.10%, how would you revise your expectation of the rate of return on the stock? (do not round intermediate calculations. round your answer to 1 decimal place.)

Croy inc. has the following projected sales for the next five months: month sales in units april 3,850 may 3,875 june 4,260 july 4,135 august 3,590 croy’s finished goods inventory policy is to have 60 percent of the next month’s sales on hand at the end of each month. direct material costs $2.50 per pound, and each unit requires 2 pounds. raw materials inventory policy is to have 50 percent of the next month’s production needs on hand at the end of each month. raw materials on hand at march 31 totaled 3,741 pounds. 1. determine budgeted production for april, may, and june. 2. determine the budgeted cost of materials purchased for april, may, and june. (round your answers to 2 decimal places.)