Question 1 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 Sh Share Shares outstanding equity ($ price ($) (millions) million) 500 69.93 40 1.15 Hallibuddy Co. Schlumbertime Ltd. Felix Energy Inc. 1.30 1,000 46.16 48.28 30 25 1.50 750 Suferior Energy 1.75 2.000 34.09 20 Co. 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