The risk free rate is 2%, the expected stock market return is 9%, and the standard deviation of the stock market is 15%. The firm considered in this question is 100% equity owned. The firm MajorPoint plc has a market capitalisation of 50 million. Using historical data over the past 10 years, you find that its covariance with the market was 0.01125 and its average historical return was 5%. Has MajorPoint outperformed the CAPM over this period? What is its alpha?