The Following Information Is Available in General and About Investments

The following information is available in general and about investments in stocks J and K.
$\begin{array}{ll}\text { The market return \( \left(\mathrm{k}_{\mathrm{M}}\right) \)}&=9 \% \\\text { The risk free rate \( \left(k_{\mathrm{RF}}\right) \)}&=5 \%\\\text {Stock J's beta }&=0.8\\\text {Expected constant growth rate for Stock J }&=6 \%\\\text {Investment in Stock J}&=\$ 80,000\\\text {Stock \( \mathrm{K}^{\prime} \) 's beta}&=1.4\\\text {Expected constant growth rate for Stock K }&=7 \% \\\text {Investment in Stock K }&=\$ 120,000\\\end{array}$
a. What are the expected returns on Stock J and Stock K individually?
b. What is the expected return on the portfolio?
c. If Stock K just paid a dividend of $2.50, what is Stock K's intrinsic value?