6. The risk-free rate is projected to be 5 percent for the upcoming year. Investor expectations concerning the market portfolio reveal expected excess returns of 8 percent during the same period. You have been closely following Y Ltd.'s stock with a beta of 1.2. a. What would be Y's anticipated return based on the SML? b. If your analysis reveals an expected return of 16 percent, what investment strategy would you suggest? Justify and fully explain your position. And now for some WACC (weighted average cost of capital) calculations using the CAPM for the cost of equity