You need to estimate the equity cost of capital for XYZ Corp. You have the following data available regarding past returns a. What was XYZ's average historical return? b. Compute the markets and XYZ excess returns for each year Estimate XYZ's beta. c. Estimate XYZ's historical alpha d. Suppose the current risk free rate is 4%, and you expect the markers return to be 10% Use the CAPM to estimate an expected return for XYZ Corp's stock e. Would you base your estimate of XYZ's equity cost of capital on your answer in part(a) or in part (d)? a. What was XYZ's average historical return? Data Table XYZ s average historical return was -22.5% (Round to one decimal place) b. Compute the markets and XYZ's excess returns for each year. (Click on the iconlocated on the top-night corner of the datatable below in order to copy its contents into a spreadsheel) The market's excess return for 2011 was 66% (Round to the nearest Integer) Year Risk free Return Market Return XYZ Return The markers excess return for 2012 was % (Round to the nearest integer) XYZ's excess return for 2011 was % (Round to the nearest Integer XYZ's excess return for 2012 was > (Round to the nearest integer) Print Done Estimate xyz's beta XYZ's bota is El Round to two decimal places.) Type here to search o e a $3