Suppose that TechInc consists of a perpetual cash flow of $15M USD that will arrive next year. Assume the risk free rate is 2 percent. If TechInc cross-lists to gain access to global capital markets, the global CAPM implies that when the world market increases by 1 percent, that TechInc will increase by percent. Corr(Ri, R;) TechInc Local World SD (%) E(R)(%) TechInc 1.00 0.75 0.70 16 ? Local Market 1.00 0.85 13 10 World 1.00 12 8 0.93 percent 0.86 percent 0.61 percent