Intercept	0.005
MKT-RF	1.325
SMB	-0.450
HML	-0.310

Next year, the risk-free rate will be 1%, the market return is 12%, the small-minus-big portfolio will have a return of 5% and the High-minus-Low return will be 3%. The above regression was run on MONTHLY data.

1)The GEs historic alpha was ________% (annualized).