Patiala Cement is an Indian cement company that derives 80% of its revenues in India and 20% in Nigeria; the ERP for India is 8% and the ERP for Nigeria is 10%. Over the next decade, the company expects its revenues in India to increase by 50% and revenues in Nigeria to quadruple. Estimate the equity risk premium for Patiala Cements are the end of the decade. Select one: O a. 9.00% O b. 8.00% O c. 8.8% O d. 8.4% O e. 10.00%