Aluminum maker Alcoa has a beta of about 1.96, whereas Hormel Foods has a beta of 0.43. If the expecled excess retum of the market portolio is 6%, which of these firms has a higher oquity cost of capital, and how much higher is it? Akca's equity oost of capital is0% (Round to two decimal places) Horne's equly cost of capital is [1% (Round to two decimal places.) Therefore, Alcoa has the higher equity cost of capital by D percentage points. (Select from the drop-down menus and round to two decimal places.) Enter your answer in each of the answer boxes. Save for Later 12 MacBook Air esc OD FA 2 4