Given the flowing historical returns on the market and T-bills; draw the SML line. What is the expected return on a stock with a beta of -0.7715? The actual return is 24.25% plot it on the graph. Year S&P 500 T-Bill 1999 2000 2001 21.86% -2.5% -8.4% 0.76% 3.82% 5.71% 2002 29.36% 6.01% 4.84% 2003 2004 2005 2006 2007 -24.7% 13.05% 12.4% 14.23% 24.21% 6.4% 6.43% 4.3% 5.11% Choose between the following mutually exclusive projects. You have a budget of $712 and a cost of capital of 10.1%. Project 1: Years 0 1 2 3 4 5 6 7 8 CFs -135 19 19 27 20 22 30 18 21 Project 2: Years 0 1 2 3 4 5 6 7 8 CFs -297 67 68 71 65 77 67 89 87 Project 3: Years 1 2 3 4 5 6 7 8 CFs -382 98 93 94 79 64 87 91 94 Project 4: Years 0 1 2 CFs -80 37 38 mm 3 4 5 6 7 8 37 55 52 58 35 46 Project 5: Years 0 1 2 3 4 5 6 8 CFs -673 181 130 165 136 147 161 186 179 Project 6: Years 0 1 2 3 4 5 6 | 7 8 CFs -164 99 63 83 17 91 102 107 66