Question 1 7 pts Terlingua Energy Resources is a privately held, all equity firm. Managers at Terlingua need to estimate equity beta for their common stock. Here is data on four competitors. The four companies are publicly traded, all equity firms. Company Beta Book value of equity ($ million) 500 Share Shares outstanding price ($) (millions) 6.59 40 1,000 54.52 30 Hallibuddy Co. 1.15 Schlumbertime 1.30 Ltd. Felix Energy Inc. 1.50 Suferior Energy 1.75 Co. 750 67.27 25 2,000 49.31 20 Estimate the Terlingua's equity beta using the best procedure described in the lecture. Do not round at intermediate steps in your calculation. Express your answer in decimal form. Round to two decimal places