Below, are ABC Corp's returns over the prior 3 years, the market return over the prior 3 years, and the risk-free rate over the prior 3 years:

Year 1: ABC 14% Market 10% risk-free rate 1%

Year 2: ABC -5% Market -3% risk-free rate 2.4%

Year 3: ABC 21% Market 28% risk-free rate 1.6%

Please calculate ABCs CAPM alpha (alpha) by performing a market model (CAPM) regression of ABCs excess returns over the 3 year period on the market's excess returns over the period and providing the estimated intercept (i.e report the alpha coefficient using Excel intercept function to calculate. HINT: remember that the CAPM states that Return = risk-free rate + beta * mkt. risk premium).

Enter your answer below rounded to two decimal places (for example enter an alpha of .0156 which is 1.56% as .016).