P8.6 securities that have an estimated beta of 0.1 and are assumed to be excess assets. Estimate the unlevered beta for Company C's operations. Bloomberg Adjusted Betas: Calculate the Bloomberg adjusted beta for each of the comparable companies and the portfolio of comparable companies that appear in the table for this problem. All of the companies are unlevered. Beta Estimate Standard Error of Beta t-statistic Comparable Company #1 Comparable Company #2 Comparable Company #3 Comparable Company #4 0.970 1.310 1.420 1.580 0.500 0.550 0.710 0.700 1.94 2.38 2.00 2.26 Comparable company average beta 1.320 Company being valued 1.110 0.600 1.85 P8.7 Alternative CAPM-Based Equity Cost of Capital Estimates for Four Comparable Companies in Prob- lem 8.6: Calculate the cost of equity capital for the four comparable companies in Problem 8.6 using the P8.6 securities that have an estimated beta of 0.1 and are assumed to be excess assets. Estimate the unlevered beta for Company C's operations. Bloomberg Adjusted Betas: Calculate the Bloomberg adjusted beta for each of the comparable companies and the portfolio of comparable companies that appear in the table for this problem. All of the companies are unlevered. Beta Estimate Standard Error of Beta t-statistic Comparable Company #1 Comparable Company #2 Comparable Company #3 Comparable Company #4 0.970 1.310 1.420 1.580 0.500 0.550 0.710 0.700 1.94 2.38 2.00 2.26 Comparable company average beta 1.320 Company being valued 1.110 0.600 1.85 P8.7 Alternative CAPM-Based Equity Cost of Capital Estimates for Four Comparable Companies in Prob- lem 8.6: Calculate the cost of equity capital for the four comparable companies in Problem 8.6 using the