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. of Book value Share Shares Company Beta price outstanding equity ($) (millions) ($ million) Hallibuddy Co. 1.15 500 24.34 40 Schlumbertime 130 1.000 28.47 30 Ltd. 750 750 94.41 25 Felix Energy Inc. Suferior Energy Co. 1.75 2,000 88.28 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