1. A certain mutual fund earned an average annual return of 6.5% over the last 5 years. During that time, the average risk-free rate was 0.8% and the average market return was 11.1%. If the fund has beta of 0.75, what was its annual alpha? Answer in percent, round 2 decimal places

2. A company has a beta of 0.7, pre-tax cost of debt of 4% and an effective corporate tax rate of 18%. The weight of debt in its capital structure is 20% and the rest is equity. The current risk-free rate is 0.8% and the expected market return is 7.2%. What is this company's weighted average cost of capital? Answer in percent, round 2 decimal places

3. If the risk-free rate is 0.8% and the expected market return is 8.1%, what is the WACC of the company with the following characteristics? Answer in percent, rounded to two decimal places. Market value of debt: $580 million Market price of each share: $24 Number of shares outstanding: 80 million Tax rate: 15% The average yield on current debt (pre-tax cost of debt): 6% Beta: 1.6