You are an analyst for a large public pension fund and you have been assigned the task of evaluating two different external portfolio managers $($Y and Z$).$ You consider the following historical average return, standard deviation, and CAPM beta estimates for these two managers over the past five years:

Portfolio Actual Avg. Return Standard Deviation Beta

Manager Y $10\mathrm{.}20\%12\mathrm{.}50\%1\mathrm{.}50$

Manager Z $8\mathrm{.}40\%7\mathrm{.}30\%0\mathrm{.}80$

Additionally, your estimate for the risk premium for the market portfolio is $5\mathrm{.}00$ percent and the risk$-$free rate is currently $4\mathrm{.}00$ percent.

For both Manager Y and Manager Z$,$ calculate the expected return using the CAPM. Round your answers to two decimal places.

Manager Y: $\%$

Manager Z: $\%$

Calculate each fund manager$$s average $$alpha$($i$.$e$.,$ actual return minus expected return$)$ over the five$-$year holding period. Round your answers to two decimal places.

Manager Y: $\%$

Manager Z: $\%$