Use the dataset, which contains the monthly prices for Costco Wholesale Corporation (COST) Walmart Inc. (WMT), Target Corporation (TGT), and the S&P 500 (SPY) for a five-year period, to answer the following questions. Also assume that the risk-free rate is 1.5% and the return on the market is 12%.

What is your estimate of beta for Target? [Enter the final answer with two decimals]

What is your estimate of the required rate of return on equity (or cost of equity) for Costco using the CAPM? [Enter the final answer in as a percent with two decimals (e.g. 5.55%)]