Use the following information for the following questions CXC is a private company. The company currently has $50,000 in debt and $50,000 in equity. in an attempt to estimate its cost of equity, CXC did a survey of comparable companies, below is that survey.

(name) A company | (Debt) 20 | (equity) 30 (stock price) 5 | (# shares outstanding) 5,000 (beta) 1.5

(name) B company | (Debt) 15 | (equity) 25 (stock price) 2.5 | (# shares outstanding) 15,000 (beta) 2.2

(name) C company | (Debt) 20 | (equity) 20 (stock price) 3.5 | (# shares outstanding) 100,000 (beta) 1.7

(name) d company | (Debt) 30 | (equity) 10 (stock price) 10 | (# shares outstanding) 50,000 (beta) 3

(name) e company | (Debt) 60 | (equity) 100 (stock price) 7 | (# shares outstanding) 40,000 (beta) 2

What is the total market cap of the survey companies?

A. 960,100

B. 874,500

C. 500,220

D. 1,192,500

Continuing with the previous question, what is the approximate industry asset Beta? hint this is a weighted average of all the asset betas in the survey

A. 1.12

B. .92

C. .86

D. 1.29

Continuing with the previous question, what is the estimated equity beta for CXC company?

A. 1.69

B. 1.96

C. 1.96

D. 1.84