1. Nanometrics, Inc., has a beta of 3.43. If the market return is expected to be 13.50 percent and the risk-free rate is 7.00 percent, what is Nanometrics’ required return? (Round your answer to 2 decimal places.)

2. Suppose Universal Forest’s current stock price is $59.00 and it is likely to pay a $0.57 dividend next year. Since analysts estimate Universal Forest will have a 13.8 percent growth rate, what is its required return? (Round your answer to 2 decimal places.)

3. Suppose Paycheck, Inc., has a beta of 1.19. If the market return is expected to be 13.50 percent and the risk-free rate is 6.70 percent, what is Paycheck’s risk premium? (Round your answer to 2 decimal places.)