Consider the following table, which gives a security analyst's expected return on two stocks for two particular market returns: Market Return 5% 25 Aggressive Stock 2% 38 Defensive Stock 6% 12 a. What are the betas of the two stocks? (Do not round intermediate calculations. Round your answers to 2 decimal places.) Beta Aggressive stock Defensive stock b. What is the expected rate of return on each stock if the market return is equally likely to be 5% or 25%? (Do not round intermediate calculations.) Expected Rate of Return % Aggressive stock Defensive stock % e. What hurdle rate should be used by the management of the aggressive firm for a project with the risk characteristics of the defensive firm's stock if market return is equally likely to be 5% or 25%? Also, assume a T-Bill rate of 6%. (Do not round intermediate calculations. Round your answer to 1 decimal place.) Hurdle rate %