1. When calculating the equity portion of a companys weighted average cost of capital (WACC), you determine that CAPM would be best to determine the required return for equity holders. Which of the below items would not be needed: a. A measure of the companys stocks relative sensitivity to changes in the broader equity market (i.e., S&P 500) b. Expected return for the stock market c. An appropriate risk-free rate d. A forward looking Price to Earnings (P/E) ratio for the companys stock