You are pondering over the valuation of your firm which is operating in a new do- main offering veganmeat, which ismeat productsmade out of vegetables. The main challenge is to arrive at the estimate of a fair expected return on your eq- uity capital. Your firm is an all equity firm with diffused ownership (many num- ber of shareholders). You understand that only the systematic component of the risk ofthe cashflows of a firm are compensated bythe market.Hence youchoose toevaluate thesensitivityofsimilarfirmsinother countries.You got the follow- ing estimate of betasfrom your research, 1.8, 1.9, 1.5, 2.2, 1.85, and 1.4. If the equity market in India is giving an average return of 14% and the nominal yields forthe 10 yeartreasury securities are at 6.5%, what isthe expected return that you should consider in the valuation of your firm?