Using CAPM, determine the amount of Jensen's alpha generated by a manager who has a portfolio that returned 12.77%, that has a beta of 1.08, the equity risk premium is deemed to be 7.95%, and the risk free rate of return is 3.65%?  If the beta of the portfolio instead was 0.92, what return would the manager have generated with the same level of alpha?  What is the level of the Return of the Market?