You're considering acquiring another firm. It's about one-fourth the size of your firm and has a beta of 1. Your firm's beta is 3.

You're considering acquiring another firm. It's about one-fourth the size of your firm and has a beta of 1.5. Your firm's beta is 3.3. The risk-free rate of interest is 3%, and the return on the market is estimated to be 6%. If you complete the acquisition, what will the beta of your firm be? Also, what is your firm's required return before and after the acquisition? Round your answers to two decimal places.