Show all work please and thank you!

Paul Corporation is a publicly traded company. You are looking to find the expected return of Paul Corporation using the Capital Asset Pricing Model. Table 3 contains the prices of the S&P 500 Index for the years 1993 through 1999. a) (10 Points) Calculate the yearly return for the market on each line in the table. What is the arithmetic average annual return for the S&P 500? Table 3: Some Market Prices S&P 500 Return 1993 1994 1995 1996 1997 1998 1999 S&P 500 Price $ 200 $ 205 $ 220 $ 250 $ 240 $ 230 $ 260 b) (5 Points) Assume the annual risk-free rate is 1% and Paul Corporation's Beta (B) is 1.3. Using the Capital Asset Pricing Model and your calculated inputs for the market rate, what is the appropriate discount rate for Paul Corporation