Question2 A fund is considering buying shares of Revlon, a U.S. based cosmetic brand. These are selected financial information as collected by the analyst of this investment fund: USD 12.75 1.08 Share price Beta 2019: Net income Total asset Total Liabilities Total Equity Shares outstanding -157.7 million 2,981 million 3,245 million -1,221 million 53.3 million shares 1) Discuss and explain how the analyst can deal with Revlon's negative earnings when performing valuation. 2) Discuss and explain how the analyst can deal with Revlon's negative book value of equity when performing valuation. 3) Given the higher systematic risk of the market, do you expect Revlon shares to fluctuation more or less than the over market? 4) Calculate and interpret the following ratios for Revlon: ROE, ROE, debt to invested capital, debt to equity, EPS, and PE ratio