use it's expected return on assets to discount the future net cash flows a) Calculate NFLX's equity beta as follows. First, download month! the Supplementary Data folder on the Blackboard course site that tracks the S&P 500, and thus provides a good represent Supplementary Data folder is found on the Problem Sets page. Second, calculate monthly returns for NFLX and SPY usir (Pt - Pt-1)/Pt-1, where rt is the return in month t, and Pr is t t. Convert all of your returns into excess returns (7, - r,) by sub which we will assume is 0.0369/12. You will not have a return your time series. Third, run a linear regression of NFLX excess returns (your Y var X variable). You can find "Regression" in Microsoft Excel in "Dat Report the X-variable coefficient and t-statistic (each to thre coefficient is the equity beta for NFLX. A t-statistic above 1.96 in that NFLX monthly returns are positively correlated with S&P 5