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please help me to answer this question based on the table. Thank You Consider the following table, which gives a security analysts expected return on

please help me to answer this question based on the table. Thank You

Consider the following table, which gives a security analysts expected return on two stocks in two particular scenarios for the rate of return on the market:

Market Return Aggressive Stock Defensive Stock
6 % 4 % 7 %
23 37 11

What hurdle rate should be used by the management of the aggressive firm for a project with the risk characteristics of the defensive firms stock if the two scenarios for the market return are equally likely? Also, assume a T-Bill rate of 7%.

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