Consider the following table, which gives a security analyst's expected return on two stocks for two particular market returns: Market Aggressive Defensive Return Stock Stock 5% 3% 3% 27 34 11 a. What are the betas oi the two stocks? (Do not round intermediate calculations. Round your answers to 1 decimal place.) 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 27%? (Do not round intermediate calculations. Round your answers to 1 decimal place.) Expected Rate of Return Aggressive Stock % Defensive Stock 96 c. This part ofthe question is not part of your Connect assignment. d. This part of the question is not part of your Connect assignment. e. What hurdle rate should be used by the management of the aggressive firm for a project with the risk characteristics of the defensive rm's stock it ma ket return is equally likely to be 5% or 27%? Also. assume a TBill rate of 3%. (Do not round intermediate calculations. Round your answer to 2 decimal places} Hurdle rate '36