Langer Inc. is a German company with operations in Germany, Hungary and Poland. You have been given information on the breakdown of revenues and data on government bond rates and relative volatility (Std deviation of equity/Std deviation of govt bond) in each country. Government Bond Rate Relative Volatility (Equity Std Dev/Bond Std Dev) Country Germany Poland Hungary Revenues (in millions of Euros) 500.00 300.00 200.00 In local Currency 1.50% 4.00% 5.00% In Euros 1.50% 2.50% 3.00% 1.50 1.20 1.25 Estimate the cost of equity for Langer, in Euros, assuming that it has a beta of 1.20. (You can assume that the equity risk premium for a mature market is 5%.) 2.39% 7.50% 8.38% 8.50% 8.74%