31. Suppose the return on the market is expected to be 7%, a stock has a beta of 1.5, and T-bill rate is 3%. The SML would predict an expected return on the stocks of 9%. If you believe the stock will provide instead a return 11%. Its implied alpha is? A. 1% B. 2% C. 3%. D. 4% 32. Assuming the risk-free rate is 1% and the expected return on the market portfolio is 8%. A firm considers a project with an estimated beta of 1.5. If the IRR of the project is 12%, what is the project alpha? A. 1%. B. 0.9%. C. 0.1% D. 0.5% non finale what are the alnha and beta for Google