Please show work and excel.

(a) You are CFO of your company, Owl Enterprise. You hire a consultant who estimates that the expected return of the market is 12%. The consultant also tells you that the risk-free rate is 2% and that your company has an expected rate of return of 16%. If all that is correct, what is the "beta" on your company? Show your work. Beta = (b) You observe another company in your city (GammaCo). Your consultant tells you that GammaCo has a Beta of 0.85. What must be the expected return on GammaCo in order for the market to be in equilibrium? Show your work. Expected Return =