b) This Turkish stock has a raw beta of 1.25 . Find the adjusted beta. Estimate cost of equity for this firm in dollars according to 3 approaches of Damodaran. Market Risk premium in US %5.% of revenues domestically firm is 60% while the industry average is 75%. Use the current Rf and country risk premium. \begin{tabular}{|l|r|} \hline CURRENT ASSETS & 598.000 .000 \\ \hline Cash and cash equivalents & 130.000 .000 \\ \hline Financial investments & 40.000 .000 \\ \hline Trade receivables & 180.000 .000 \\ \hline Inventory & 240.000 .000 \\ \hline Other Current Assets & 8.000 .000 \\ \hline & \\ \hline FIXED ASSETS & 667.000 .000 \\ \hline Financial investments & 65.000 .000 \\ \hline Trade receivables & 2.000 .000 \\ \hline Tangible Assets -Property, plant and equipment & 550.000 .000 \\ \hline Intangible Assets & 40.000 .000 \\ \hline Other non-current assets & 10.000 .000 \\ \hline & \\ \hline CURRENT LIABILITIES & 420.000 .000 \\ \hline Shor Term Borrowings & 220.000 .000 \\ \hline Current portion of long-term borrowings & 110.000 .000 \\ \hline Trac e payables & 90.000 .000 \\ \hline NO F-CURRENT LIABILITIES & 230.000 .000 \\ \hline Lo g-term borrowings & 210.000 .000 \\ \hline Tr de payables & 20.000 .000 \\ \hline \end{tabular} \begin{tabular}{|l|r|} \hline EQUITY & 615.000 .000 \\ \hline Share Capital & 200.000 .000 \\ \hline Share Premium (Premium on Issued Shares) & 40.000 .000 \\ \hline Treasury Stock & 0 \\ \hline Gains/Losses on Revaluation and Remeasurement: Revaluation Funds & 60.000 .000 \\ \hline Restricted Reserves & 50.000 .000 \\ \hline Prior Years Profits or Losses & 193.000 .000 \\ \hline Current Period Net Profit/Loss & 72.000 .000 \\ \hline \end{tabular} 1) The balance sheet and income statement of a company listed in Borsa Istanbul (Turkey) is given below. (in TL). The depreciation and amortization for the period is 21000000 TL. The market price of a share in BIST is 6 TL