An analyst ran a regression of monthly excess returns on Lululemon Athletica stock (LULU) on monthly excess returns for the S&P 500 using data for the past 6 years. A summary of the regression output appears below. Based on the output, which of the following is closest to the estimate of the annualized alpha, expressed as an EAR, for LULU? SUMMARY OUTPUT Regression Statistics R Square 0.18383803 Observations 72 Intercept X Variable Coefficients Standard Error 0.02228836 0.011900249 1.07960657 0.271886095 1.1% 2.2% O 30.3% 26.8%