The beta of RicciCo.'s share is 3.2, whereas the risk-free rate of return is 9 per cent. If the

The beta of RicciCo.'s share is 3.2, whereas the risk-free rate of return is 9 per cent. If the expected return on the market is 18 per cent, then what is the expected return on RicciCo.?

57.60%

28.80%

37.80%

48.60%