Aluminum maker Alcoa has a beta of about 1.95 , whereas Hormel Foods has a beta of 0.42 . If the expected excess return of the market portfolio is 4%, which of these firms has a higher equity cost of caplitat, and how much higher is it? Alcoa's equity cost of capital is %. (Round to two decimal places.) Hormel's equity cost of capitat tis %. (Round to two decimat ptacos) Therefore, has the higher equity cost of capital by percentage points (Select from the drop-down menus and round to two decimal places.) Aluminum maker Alcoa has a beta of about 1.95 , whereas Hormel Foods has a beta of 0.42 . If the expected excess return of the market portfolio is 4%, which of these firms has a higher equity cost of caplitat, and how much higher is it? Alcoa's equity cost of capital is %. (Round to two decimal places.) Hormel's equity cost of capitat tis %. (Round to two decimat ptacos) Therefore, has the higher equity cost of capital by percentage points (Select from the drop-down menus and round to two decimal places.)